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-25
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
40.0¢ | 41.5¢ | 40.0¢ | $614.1K | 1.514M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 42537 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 58325 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 42537 | 0.410 |
3 | 72640 | 0.405 |
8 | 254993 | 0.400 |
20 | 400111 | 0.395 |
12 | 803500 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 58325 | 3 |
0.420 | 296510 | 11 |
0.425 | 126000 | 5 |
0.430 | 100385 | 7 |
0.435 | 112486 | 5 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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