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.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Livewire Equities
Livewire
The Livewire Equities feed brings you a range of insights that relate to Australian equities
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The most consistent ASX dividend stocks
Livewire Markets
Equities
Buy Hold Sell: 5 ASX names built for income
Livewire Markets