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Mount Gibson Iron Limited (AU:MGX)
:MGX
Australian Market
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Mount Gibson Iron Limited (MGX) Share Forecast & Price Target

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See the Price Targets and Ratings of:

MGX Financial Forecast

MGX Earnings Forecast

The previous quarter’s earnings for MGX were -AU$0.06.
The previous quarter’s earnings for MGX were -AU$0.06.

MGX Sales Forecast

The previous quarter’s earnings for MGX were AU$164.49M.
The previous quarter’s earnings for MGX were AU$164.49M.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on AU:MGX
TipRanks AITipRanks
Not Ranked
TipRanks
AU$0.5
Hold
42.86%
Upside
Reiterated
07/17/25
Mount Gibson Iron Limited demonstrates strong financial performance with significant recent improvements, which is the most impactful factor. However, technical analysis suggests the stock may be overbought in the short term, and valuation concerns persist due to a negative P/E ratio and lack of dividend yield. These factors collectively moderate the overall score.
Macquarie Analyst forecast on AU:MGX
Robert SteinMacquarie
Macquarie
AU$0.48AU$0.38
Buy
8.57%
Upside
Reiterated
09/13/24
Mount Gibson (MGX:AU) (MTGRY) PT Lowered to AUD0.38 at MacquarieMacquarie analyst Rob Stein lowered the price target on Mount Gibson (MGX:AU) (OTC: MTGRY) to AUD0.38 (from AUD0.48) while maintaining a Outperform rating.
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on AU:MGX
TipRanks AITipRanks
Not Ranked
TipRanks
AU$0.5
Hold
42.86%
Upside
Reiterated
07/17/25
Mount Gibson Iron Limited demonstrates strong financial performance with significant recent improvements, which is the most impactful factor. However, technical analysis suggests the stock may be overbought in the short term, and valuation concerns persist due to a negative P/E ratio and lack of dividend yield. These factors collectively moderate the overall score.
Macquarie Analyst forecast on AU:MGX
Robert SteinMacquarie
Macquarie
AU$0.48AU$0.38
Buy
8.57%
Upside
Reiterated
09/13/24
Mount Gibson (MGX:AU) (MTGRY) PT Lowered to AUD0.38 at MacquarieMacquarie analyst Rob Stein lowered the price target on Mount Gibson (MGX:AU) (OTC: MTGRY) to AUD0.38 (from AUD0.48) while maintaining a Outperform rating.
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Best Analysts Covering Mount Gibson Iron Limited

1 Month
xxx
Success Rate
1/2 ratings generated profit
50%
Average Return
-0.10%
reiterated a xxx
rating 10 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 50.00% of your transactions generating a profit, with an average return of -0.10% per trade.
3 Months
xxx
Success Rate
1/2 ratings generated profit
50%
Average Return
-5.65%
reiterated a xxx
rating 10 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of -5.65% per trade.
1 Year
Robert SteinMacquarie
Success Rate
1/2 ratings generated profit
50%
Average Return
-4.35%
reiterated a buy rating 10 months ago
Copying Robert Stein's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -4.35% per trade.
2 Years
xxx
Success Rate
1/2 ratings generated profit
50%
Average Return
-4.35%
reiterated a xxx
rating 10 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 50.00% of your transactions generating a profit, with an average return of -4.35% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

MGX Analyst Recommendation Trends

Rating
Jun 24
Jul 24
Sep 24
Jun 25
Jul 25
Strong Buy
3
3
3
2
1
Buy
0
0
0
0
0
Hold
0
0
0
1
2
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
3
3
3
3
3
In the current month, MGX has received 1 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. MGX average Analyst price target in the past 3 months is 0.50.
Each month's total comprises the sum of three months' worth of ratings.

MGX Stock Forecast FAQ

What is AU:MGX’s average 12-month price target, according to analysts?
Based on analyst ratings, Mount Gibson Iron Limited’s 12-month average price target is 0.50.
    What is AU:MGX’s upside potential, based on the analysts’ average price target?
    Mount Gibson Iron Limited has 43.33% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is Mount Gibson Iron Limited a Buy, Sell or Hold?
          Mount Gibson Iron Limited has a consensus rating of Hold, which is based on 0 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Mount Gibson Iron Limited’s share price target?
            The average share price target for Mount Gibson Iron Limited is 0.50. This is based on 0 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst share price target is AU$0.50 ,and the lowest forecast is AU$0.50. The average share price target represents 43.33% Increase from the current price of AU$0.35.
              What do analysts say about Mount Gibson Iron Limited?
              Mount Gibson Iron Limited’s analyst rating consensus is a Hold. This is based on the ratings of 0 Wall Streets Analysts.
                How can I buy shares of Mount Gibson Iron Limited?
                To buy shares of AU:MGX, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.
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