Home Wires

Macquarie rate Mount Gibson Iron (ASX: MGX) as Outperform saying the company is on track to beat guidance

Livewire Equities

Livewire

Macquarie rate Mount Gibson Iron (ASX: MGX) as Outperform saying the company is on track to beat guidance. MGX shipped 2.5mt of iron-ore during the December quarter, 16% higher than anticipated. The company's strong sales result translated to group cash flow of $64m which increased cash form $420m to $484m. Post the strong result we believe MGX has the potential to beat the upper end of its 9.0-9.5mt production guidance for FY14.

Livewire Equities
Livewire Equities
Livewire

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment

most popular

Equities

2 ASX mining stocks that could double (or more) in a year

Livewire Markets

Equities

Why boring stocks can be good investments – and one I like

A Rich Life

Equities

This recently triggered market signal has never failed to predict gains

Ophir Asset Management

Equities

I sold my CBA to buy these two financials

Seneca Financial Solutions

view all