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Mount Gibson Iron Limited ( (AU:MGX) ) just unveiled an update.
MGX Resources Limited has officially changed its name from Mount Gibson Iron Limited, effective December 4, 2025, to reflect its strategic shift towards diversifying its mineral portfolio. This change aligns with MGX’s acquisition of a 50% interest in the Central Tanami Gold Project, marking a significant step in its transition from iron ore to precious and base metals, while maintaining investor recognition through its consistent ASX ticker code.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Mount Gibson Iron Limited stock, see the AU:MGX Stock Forecast page.
More about Mount Gibson Iron Limited
MGX Resources Limited, previously known as Mount Gibson Iron Limited, operates in the mining industry with a focus on diversifying its portfolio from iron ore to include other mineral commodities, such as precious and base metals.
Average Trading Volume: 1,832,414
Technical Sentiment Signal: Buy
Current Market Cap: A$442.7M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.