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Mount Gibson Iron Limited ( (AU:MGX) ) has provided an announcement.
Mount Gibson Iron Limited has announced a further extension of its on-market share buy-back program, which allows for the repurchase of up to 10% of the company’s issued shares. This extension will run from 1 December 2025 to 30 November 2026. The company has not yet acquired additional shares during the current extension, and the decision to buy back shares will depend on various factors, including market conditions. The buy-back is discretionary, and there is no guarantee that the full 10% of shares will be repurchased.
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 is a company operating in the mining industry, primarily focusing on the extraction and production of iron ore. The company is based in Western Australia and is involved in the market for iron ore products.
Average Trading Volume: 1,924,013
Technical Sentiment Signal: Buy
Current Market Cap: A$442.7M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.