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How to buy Mount Gibson Iron shares | A$0.695

Own Mount Gibson Iron shares in just a few minutes.

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Mount Gibson Iron Limited is a steel business based in Australia. Mount Gibson Iron shares (MGX) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.695 – a decrease of 3.47% over the previous week. Mount Gibson Iron has a trailing 12-month revenue of around $445.2 million.

How to buy shares in Mount Gibson Iron

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Mount Gibson Iron . Find the share by name or ticker symbol: MGX. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Mount Gibson Iron reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price of $0.695, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of Mount Gibson Iron . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Mount Gibson Iron 's share price?

Since the stock market crash in March caused by coronavirus, Mount Gibson Iron 's share price has had significant negative movement.

Its last market close was $0.695, which is 13.66% down on its pre-crash value of $0.805 and 28.23% up on the lowest point reached during the March crash when the shares fell as low as $0.542.

If you had bought $1,000 worth of Mount Gibson Iron shares at the start of February 2020, those shares would have been worth $803.47 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $803.47.

Mount Gibson Iron share price

Use our graph to track the performance of MGX stocks over time.

Mount Gibson Iron shares at a glance

Information last updated 2020-10-13.
Latest market closeAUDA$0.695
52-week rangeAUDA$0.57 - AUDA$1.035
50-day moving average AUDA$0.7451
200-day moving average AUDA$0.697
Target priceAUDA$0.57
PE ratio 9.9836
Dividend yield AUDA$0.03 (4.17%)
Earnings per share (TTM) AUDA$0.073

Share Trading Account Offer

IG Share Trading Offer

AUD 8

Standard brokerage - Australian shares

Share Trading Account Offer

Competitive broker fees on Australian and international shares

  • Brokerage - AU shares: From AUD 5 or 0.05%
  • Brokerage - US shares: USD 0
  • Sign-up process: Instant
  • Support - After hours: Yes
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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
Finder Award
IG Share Trading
AUD 8 or 0.1%
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Brokerage discount: $5 on Australian shares for active traders & $0 commission on US and global shares
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Superhero share trading
AUD 5
No
ASX shares
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
CMC Markets Stockbroking
AUD 11 or 0.1%
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
Saxo Capital Markets (Classic account)
AUD 6.99 for issuer sponsored or AUD 14.90 CHESS
AUD 0
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading
High quality, low-cost brokerage on global share trading.
Access up to 19,000 global stocks on 36 of the world’s major stock exchanges and enjoy some of the most competitive FX rates on the the market when you trade with Saxo Capital Markets.
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Margin trading, Options trading
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95 or 0.11%
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares
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Is it a good time to buy Mount Gibson Iron stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Mount Gibson Iron price performance over time

Historical closes compared with the close of A$0.695 on 2020-10-19

1 week (2020-10-12) -3.47%
1 month (2020-09-18) -6.08%
3 months (2020-07-17) 1.46%
6 months (2020-04-17) -0.71%
1 year (2019-10-18) -1.42%
2 years (2018-10-19) 43.30%
3 years (2017-10-19) 85.33%
5 years (2015-10-19) 286.11%

Is Mount Gibson Iron under- or over-valued?

Valuing Mount Gibson Iron stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mount Gibson Iron 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Mount Gibson Iron 's P/E ratio

Mount Gibson Iron 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Mount Gibson Iron shares trade at around 10x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Mount Gibson Iron 's EBITDA

Mount Gibson Iron 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $129.5 million.

The EBITDA is a measure of a Mount Gibson Iron 's overall financial performance and is widely used to measure a its profitability.

Mount Gibson Iron financials

Revenue TTM $445.2 million
Operating margin TTM 23.32%
Gross profit TTM $117.5 million
Return on assets TTM 8.46%
Return on equity TTM 13.16%
Profit margin 18.91%
Book value 0.58
Market capitalisation $833.2 million

TTM: trailing 12 months

Mount Gibson Iron share dividends

43%

Dividend payout ratio: 42.86% of net profits

Recently Mount Gibson Iron has paid out, on average, around 42.86% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.17% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mount Gibson Iron shareholders could enjoy a 4.17% return on their shares, in the form of dividend payments. In Mount Gibson Iron 's case, that would currently equate to about A$0.03 per share.

While Mount Gibson Iron 's payout ratio might seem fairly standard, it's worth remembering that Mount Gibson Iron may be investing much of the rest of its net profits in future growth.

The latest dividend was paid out to all shareholders who bought their shares by 31 August 2020 (the "ex-dividend date").

Have Mount Gibson Iron 's shares ever split?

Mount Gibson Iron 's shares were split on a 1:72 basis on 18 December 2001. So if you had owned 72 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Mount Gibson Iron shares – just the quantity. However, indirectly, the new 7100% higher share price could have impacted the market appetite for Mount Gibson Iron shares which in turn could have impacted Mount Gibson Iron 's share price.

Mount Gibson Iron share price volatility

Over the last 12 months, Mount Gibson Iron 's shares have ranged in value from as little as $0.57 up to $1.035. A popular way to gauge a stock's volatility is its "beta".

MGX.AU volatility(beta: 0.66)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Mount Gibson Iron 's is 0.6595. This would suggest that Mount Gibson Iron 's shares are less volatile than average (for this exchange).

Mount Gibson Iron overview

Mount Gibson Iron Limited, together with its subsidiaries, engages in mining and processing of hematite iron ore in Australia. It operates in two segments, Extension Hill and Koolan Island. The company primarily holds interests the Extension Hill mine and Iron Hill deposit in the Mid-West region of Western Australia, and Shine iron ore project, as well as operates haulage of the ore via road and rail for export from the Geraldton Port. It is also involved in mining and direct shipment of hematite iron ore at the Koolan Island mine site in the Kimberley region of Western Australia; and the treasury management activities. Mount Gibson Iron Limited was founded in 1996 and is based in West Perth, Australia.

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