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Mount Gibson Iron Limited ( (AU:MGX) ) has issued an announcement.
Mount Gibson Iron Limited has announced a new on-market buy-back of its ordinary fully paid securities, as indicated by their ASX security code MGX. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares outstanding.
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 on the extraction and sale of iron ore. The company is known for its production of high-quality iron ore products, catering primarily to the steel manufacturing sector.
Average Trading Volume: 1,924,013
Technical Sentiment Signal: Buy
Current Market Cap: A$442.7M
For detailed information about MGX stock, go to TipRanks’ Stock Analysis page.