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Mount Gibson Iron Limited ( (AU:MGX) ) has provided an update.
Mount Gibson Iron Limited announced the completion of its share buy-back program, which was initially disclosed in August 2024. The program, which ran from September 2024 to September 2025, resulted in the buy-back of 38,803,598 ordinary fully paid shares for a total consideration of AUD 12,263,140.71. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:MGX) stock is a Hold with a A$0.50 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
Mount Gibson Iron Limited operates in the mining industry, focusing primarily on the extraction and sale of iron ore. The company is listed on the Australian Securities Exchange (ASX) under the code MGX and engages in activities related to the production and marketing of iron ore products.
Average Trading Volume: 1,915,335
Technical Sentiment Signal: Buy
Current Market Cap: A$430.9M
For an in-depth examination of MGX stock, go to TipRanks’ Overview page.