MGX - MOUNT GIBSON IRON LIMITED
Citi rates MGX as Buy (1) - Mount Gibson has suspended the Shine project because of the adverse trajectory of iron ore prices. The project will be placed on care & maintenance pending an improvement in conditions.
Shine reserves total 2.8mt and grade 59.4% iron. In adjusting its model, Citi reduces the target to $0.60 from $0.65 and maintains a Buy/High Risk rating.
Target price is $0.60 Current Price is $0.45 Difference: $0.15 If MGX meets the Citi target it will return approximately 33% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 2.00 cents and EPS of 6.40 cents . At the last closing share price the estimated dividend yield is 4.44%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.03.
Forecast for FY23:
Citi forecasts a full year FY23 dividend of 5.00 cents and EPS of 20.60 cents . At the last closing share price the estimated dividend yield is 11.11%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 2.18.
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- Ann: Operating Update - Staged Suspension of Shine Iron Ore Mine
Ann: Operating Update - Staged Suspension of Shine Iron Ore Mine, page-24
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $523.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.3¢ | $227.4K | 531.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 520000 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 12155 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 23300 | 0.430 |
2 | 520000 | 0.425 |
7 | 174561 | 0.420 |
6 | 71816 | 0.415 |
7 | 57839 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 75 | 1 |
0.430 | 1500 | 1 |
0.435 | 70360 | 4 |
0.440 | 122270 | 4 |
0.445 | 187898 | 6 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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