Mount Gibson Iron Ltd (ASX: MGX) Share Price and News

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Mount Gibson Iron Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $362.64 million
P/E Ratio 56.60
Dividend Yield 0.00%
Shares Outstanding 1.21 billion
Earnings per share 0.005
Dividend per share 0.02
Year To Date Return -45.45%
Earnings Yield 1.77%
Franking 100%
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as at 24 Feb 3:44pm

  • Mount Gibson Iron Ltd (ASX: MGX)
    Latest News

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    Iron ore plunges to 5-year low: 3 important decisions facing investors

    It’s been another tough day at the office for Australia’s iron ore miners with BHP Billiton Limited (ASX:BHP), Rio Tinto…

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    ⏸️ Investing

    What investors need to know about the future of Mount Gibson Iron Limited

    September’s quarterly report for Mount Gibson Iron Limited (ASX:MGX) shows a strong cash balance and productivity improvements facing off against…

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    How Andrew 'Twiggy' Forrest has lost $2.9 billion since February 2014

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    Iron ore price shaves $2 billion off Andrew 'Twiggy' Forrest's fortune

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    Iron ore plunges to 5-year low: Is this the bottom?

    Pressure is mounting for Atlas Iron Limited (ASX:AGO) and BC Iron Limited (ASX:BCI) as iron ore continues its decline.

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    ASX opens flat, after weak leads from offshore markets

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    Have these 3 junior miners got what it takes to survive the iron ore downturn?

    We take a closer look at the competitiveness of BC Iron Limited (ASX:BCI), Mount Gibson Iron Limited (ASX:MGX), and Atlas…

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    Frequently Asked Questions

    Yes, Mount Gibson Iron has historically paid fully franked shareholder dividends. The company’s last dividend was paid in October 2021.

    Mount Gibson Iron Limited listed on the ASX on 12 February 1976.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    01 Sep 2021 $0.0200 100.00% Final 06 Oct 2021
    01 Sep 2020 $0.0300 100.00% Final 24 Sep 2020
    03 Sep 2019 $0.0400 100.00% Final 26 Sep 2019
    22 Aug 2018 $0.0300 100.00% Final 15 Oct 2018
    28 Sep 2017 $0.0000 100.00% Final 16 Oct 2017
    26 Sep 2014 $0.0400 100.00% Final 15 Oct 2014
    24 Sep 2013 $0.0200 100.00% Final 15 Oct 2013
    22 Mar 2013 $0.0200 100.00% Interim 15 Apr 2013
    02 Oct 2012 $0.0200 100.00% Final 22 Oct 2012
    30 Mar 2012 $0.0200 100.00% Interim 20 Apr 2012

    MGX ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Mount Gibson Iron Ltd

    Mount Gibson Iron Ltd (ASX: MGX) is a Western Australia-based iron ore mining company. The company's flagship production asset is the Koolan Island mine in Western Australia's Kimberley region which has the highest grade ore reserve of any operating direct-shipping (DSO) Australian hematite mine. Mount Gibson also holds operating bulk commodity export facilities at Geraldton Port as well as active exploration tenements in WA's mid-western region.

    MGX Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    24 Dec 2024 $0.30 $0.00 0.00% 310,363 $0.30 $0.30 $0.30
    23 Dec 2024 $0.30 $0.01 3.39% 118,967 $0.30 $0.30 $0.30
    20 Dec 2024 $0.30 $-0.02 -6.45% 2,029,205 $0.31 $0.31 $0.30
    19 Dec 2024 $0.31 $0.01 3.33% 2,677,566 $0.30 $0.31 $0.30
    18 Dec 2024 $0.30 $-0.01 -3.28% 829,556 $0.31 $0.31 $0.30
    17 Dec 2024 $0.31 $-0.01 -3.17% 361,901 $0.31 $0.32 $0.31
    16 Dec 2024 $0.32 $-0.01 -3.08% 1,691,730 $0.32 $0.32 $0.31
    13 Dec 2024 $0.33 $0.00 0.00% 463,955 $0.33 $0.33 $0.32
    12 Dec 2024 $0.33 $0.00 0.00% 697,184 $0.33 $0.33 $0.33
    11 Dec 2024 $0.33 $-0.01 -3.03% 1,471,420 $0.33 $0.33 $0.32
    10 Dec 2024 $0.33 $0.01 3.13% 2,103,042 $0.32 $0.33 $0.32
    09 Dec 2024 $0.32 $-0.01 -3.08% 563,685 $0.32 $0.33 $0.32
    06 Dec 2024 $0.33 $0.02 6.45% 883,282 $0.32 $0.33 $0.32
    05 Dec 2024 $0.31 $-0.01 -3.17% 825,145 $0.32 $0.32 $0.31
    04 Dec 2024 $0.32 $-0.01 -3.13% 421,372 $0.32 $0.32 $0.31
    03 Dec 2024 $0.32 $0.01 3.17% 1,052,768 $0.32 $0.32 $0.31
    02 Dec 2024 $0.32 $0.01 3.28% 964,603 $0.31 $0.32 $0.30
    29 Nov 2024 $0.31 $0.01 3.39% 141,518 $0.30 $0.31 $0.30
    28 Nov 2024 $0.30 $0.00 0.00% 519,586 $0.30 $0.31 $0.30
    27 Nov 2024 $0.30 $0.00 0.00% 424,805 $0.29 $0.30 $0.29
    26 Nov 2024 $0.30 $-0.01 -3.33% 1,189,540 $0.30 $0.30 $0.29

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    28 Oct 2024 Evian Delfabbro Buy 62,998 $20,001
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Simon S. G. Bird Non-Executive Director Feb 2012
    Mr Bird is the Chairman of the Financial Risk Committee. Mr Bird has over 35 years of international corporate experience, including holding the positions of Finance Director with Xpansiv Limited, General Manager Finance at Stockland Limited, Chief Financial Officer of GrainCorp Limited, and Chief Financial Officer of Wizard Mortgage Corporation. He was also Chief Executive Officer of ASX-listed King Island Scheelite Limited and a former Director of CPA Australia Limited.
    Mr Alan Jones Non-Executive Director Jul 2006
    Mr Jones is the current Chairman of the Governance Committee. Mr Jones has senior management and board experience in listed and unlisted Australian public companies, in the construction, engineering, finance and investment industries. Mr Jones has been involved in the merger and acquisition of a number of public companies in Australia and internationally. He is a Non-Executive Director of Mulpha Australia Ltd, Sun Hung Kai & Co Ltd (Hong Kong), Allied Group Ltd (Hong Kong) and Air Change International Limited.
    Mr Hui Seng Lee Non-Executive DirectorNon-Executive Chairman Jan 2010
    Mr Lee is the Chief Executive and an Executive Director of Allied Group Limited which is listed on the Hong Kong Stock Exchange. He is the Chairman and a Non Executive Director of Tian An China Investments Company Limited, and Tian An Medicare Limited. He is also a Non-Executive Director of APAC Resources Limited, one of Mount Gibson's shareholders. He is member of Governance Committee.
    Professor Paul Peter Dougas Non-Executive Director Nov 2011
    Mr Dougas is Chairman of the Operational Risk, Sustainability and Contracts Committee and member of Governance Committee. He has over 40 years of design, process, project engineering, managerial, commercial and corporate experience having commenced his career in the Melbourne & Metropolitan Board of Works before joining engineering firm Sinclair Knight Merz in 1978. From initial technical roles, he assumed leadership roles in Sydney before returning to Melbourne as Associate Director and Victorian Branch Manager in 1985. In 1995 he was appointed Managing Director Elect and Director of Marketing before becoming Chief Executive Officer and Managing Director in 1996. For the following 15 years, he led expansion of the firm locally and internationally involving more than 50 local and international acquisitions. Professor Dougas was a Non-Executive Director of ConnectEast Ltd from 2009 until its takeover in September 2011 and was also on the Sinclair Knight Merz Board from 1990 until 2011. He was a Non-Executive Director of Epworth Healthcare from 2012 to 2021 and is a former Chairman of the Global Carbon Capture and Storage Institute, and Norman, Disney & Young and a former Non-Executive Director of Beacon Foundation and Calibre Group Limited. Professor Dougas is also a Professorial Fellow in the School of Engineering at Melbourne University.
    Mr Brett Robert Smith Alternate Director Nov 2024
    Mr Smith with over 32 years international experience in engineering, construction
    and mineral processing businesses. Mr Smith has served on the boards of numerous mining and exploration companies. Mr Smith is an Executive Director of Metals X and former Executive Director and Deputy Chairman of Hong Kong listed company APAC Resources Limited, Executive Director of Hong Kong listed company Dragon Mining Limited and a Non-Executive Director of ASX listed companies Prodigy Gold NL and Tanami Gold NL.
    Mr Rucai Ding Non-Executive Director Dec 2019
    Mr Ding is the Chairman and executive director of Hong Kong listed Shougang Fushan Resources Group Limited (Shougang Fushan). Shougang Fushan is Mount Gibson' shareholder and also holds a share interest in APAC Resources Limited, Mount Gibson's shareholder. Mr Ding is also a director of Shougang Holding (Hong Kong) Limited, a company wholly owned by Shougang Group Co., Ltd. Mr Ding has more than 30 years' experience in the steel and coal resources industry, having held a variety of senior management and executive roles since joining the Shougang organisation in 1989.
    Ms Evian Delfabbro Non-Executive Director Aug 2023
    Ms Delfabbro, as a civil engineer and lawyer, has over two decades of experience in the commercial property, mining and construction sectors. She is currently a director of a boutique Sydney property company and a Queensland hard-rock quarrying business. She has previously held senior management roles with former ASX-listed commercial property company FKP Ltd, Port Bouvard Ltd and Thakral Holdings.
    Mr Peter Kerr Chief Executive Officer Sep 2012
    -
    Mr David Stokes Company Secretary
    -
    Peter Kerr Chief Executive Officer
    -
    G Dobson Chief Financial Officer
    -
    David Stokes Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Everbright Securities Investment Services (Hk) Ltd <Client A/C> 220,257,802 18.08%
    Apac Resources Investments Limited 209,867,038 17.23%
    True Plus Limited 163,866,874 13.45%
    Citicorp Nominees Pty Limited 120,287,089 9.87%
    HSBC Custody Nominees (Australia) Limited 71,847,235 5.90%
    J P Morgan Nominees Australia Pty Limited 43,846,953 3.60%
    Bnp Paribas Noms Pty Ltd 28,252,772 2.32%
    Debortoli Wines Pty Limited 27,591,539 2.26%
    HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 19,354,888 1.59%
    Precision Opportunities Fund Ltd <Investment A/C> 8,885,181 0.73%
    Mr Peter Kerr 7,395,203 0.61%
    Treasury Services Group Pty Ltd <Nero Resource Fund A/C> 5,763,100 0.47%
    BNP Paribas Nominees Pty Ltd <IB Au Noms Retailclient> 4,942,721 0.41%
    Mr David John Stokes 3,899,035 0.32%
    Bnp Paribas Nominees Pty Ltd <Hub24 Custodial Serv Ltd> 3,780,022 0.31%
    Ms Gillian Dobson 3,717,600 0.31%
    BNP Paribas Noms (Nz) Ltd 3,398,488 0.28%
    Savive Pty Ltd <Savive Super Fund A/C> 2,757,262 0.23%
    Mr Jingyun Ouyang 2,700,000 0.22%
    Jetosea Pty Ltd 2,638,111 0.22%

    Profile

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