How to buy Mount Gibson Iron shares | MGX historical share price and analysis

How to buy Mount Gibson Iron shares

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. 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, 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.

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 2021-02-24.
52-week range$0.5213 - $1.01
50-day moving average $0.9201
200-day moving average $0.8054
Target price$0.57
PE ratio 12.6027
Dividend yield $0.03 (3.26%)
Earnings per share (TTM) $0.073

Compare share trading platforms

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 updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
Superhero share trading
AUD $5
No
ASX shares, ETFs
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
Bell Direct Share Trading
AUD $15
No
ASX shares, mFunds, ETFs
Exclusive: New customers who open an account with Bell Direct through Finder will pay no brokerage fees on the first five stock or ETF trades until April 30, 2021 (T&Cs apply).
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
IG Share Trading
Finder Award
IG Share Trading
AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
ThinkMarkets Share Trading
AUD $8
No
ASX shares, ETFs
Limited offer: Get 5 free ASX trades when you open a new account with ThinkMarkets before June 30, 2021 (T&Cs apply).
Buy and sell CHESS sponsored ASX shares with $0 brokerage on your first 5 trades. Only $8 flat fee brokerage thereafter, plus enjoy free live stock price data on an easy to use mobile app.
CMC Markets Stockbroking
AUD $11 or 0.1%
No
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
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%
USD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, ETFs
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Compare up to 4 providers

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.

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 13x. In other words, Mount Gibson Iron shares trade at around 13x 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 (£0.0 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 $1.1 billion

TTM: trailing 12 months

Mount Gibson Iron share dividends

100%

Dividend payout ratio: 100% of net profits

Recently Mount Gibson Iron has paid out, on average, around 100% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.31% 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 3.31% 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.

Mount Gibson Iron 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure 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 $0.5213 up to $1.01. A popular way to gauge a stock's volatility is its "beta".

MGX.AU volatility(beta: 0.61)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 0.6074. 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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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