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An update from Mount Gibson Iron Limited ( (AU:MGX) ) is now available.
Mount Gibson Iron Limited reported a significant financial downturn for the year ending June 30, 2025, with a 49% decrease in revenue to $350.4 million and a net loss after tax of $82.2 million, marking a 1378% decrease compared to the previous year. The company did not declare a dividend for the period, reflecting the challenging market conditions and operational impacts, which may affect its stakeholders and market positioning.
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 engaged in the production and export of high-quality iron ore products, catering to the global steel manufacturing market.
Average Trading Volume: 1,490,381
Technical Sentiment Signal: Buy
Current Market Cap: A$466.3M
For a thorough assessment of MGX stock, go to TipRanks’ Stock Analysis page.