How to buy Mount Gibson Iron (MGX) shares
Learn how to easily invest in Mount Gibson Iron shares.
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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 in Australian Dollars. Mount Gibson Iron has a trailing 12-month revenue of around $449.8 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Mount Gibson Iron
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
What's in this guide?
- Mount Gibson Iron key stats
- Compare share trading platforms
- Is Mount Gibson Iron stock a buy or sell?
- Mount Gibson Iron performance over time
- Are Mount Gibson Iron shares over-valued?
- Mount Gibson Iron 's financials
- How volatile are Mount Gibson Iron shares?
- Does Mount Gibson Iron pay a dividend?
- Have Mount Gibson Iron shares ever split?
- Other common questions
Mount Gibson Iron stock price (ASX:MGX)Use our graph to track the performance of MGX stocks over time.
Mount Gibson Iron shares at a glance
|52-week range||$0.65 - $1.01|
|50-day moving average||$0.9006|
|200-day moving average||$0.8935|
|Dividend yield||$0.03 (3.35%)|
|Earnings per share (TTM)||$0.098|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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
|1 month (2021-06-29)||-8.15%|
|3 months (2021-04-29)||-10.11%|
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 9x. In other words, Mount Gibson Iron shares trade at around 9x 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 $175.1 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||$449.8 million|
|Operating margin TTM||33.44%|
|Gross profit TTM||$117.5 million|
|Return on assets TTM||11.57%|
|Return on equity TTM||16.79%|
|Market capitalisation||$1.1 billion|
TTM: trailing 12 months
Mount Gibson Iron share dividends
Dividend payout ratio: 33.33% of net profits
Recently Mount Gibson Iron has paid out, on average, around 33.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.19% 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 3.19% 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 $0.65 up to $1.01. A popular way to gauge a stock's volatility is its "beta".
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 0.6605. 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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