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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Macquarie Group Limited    MQG   AU000000MQG1

MACQUARIE GROUP LIMITED

(MQG)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/15
137.33 AUD   -0.70%
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Iron ore, coal miners help Australian shares extend gains

12/03/2020 | 01:09am EST

* BHP jumps more than 5% to over 10-month high

* Pot stocks cheer cannabis reclassification by U.N.

* NZ shares extend losses into a third session

Dec 3 (Reuters) - Australian shares settled higher on Thursday as a rally in iron ore prices and a report that China will allow some long held-up coal shipments from Australia lifted heavyweight mining stocks.

The mining index soared 4.6% to its highest in more than eight years, with disappointing output forecasts from Brazilian miner Vale SA adding fuel to an iron ore price rally driven mainly by robust demand in top steel producer China and partly by supply concerns.

Rio Tinto, the world's biggest iron ore miner, surged up to 7.2% to its highest since May 2008 and was the biggest boost to the benchmark, while Fortescue Metals Group jumped 13.9% to a record high.

The S&P/ASX 200 index closed 0.4% higher at 6,615.3, extending gains into a third session.

"It's really about the iron ore price today," said Henry Jennings, a senior analyst and portfolio manager at Marcustoday Financial Newsletter.

"There was some concern out there that this trade spat with China, with wine being the latest casualty, would escalate. But Vale's production downgrade pushed the bulls back into iron ore."

Coal producers jumped on a report that China was set to allow a shipment of Australian thermal coal into the country, despite a ban on such imports in place amid escalating tensions between Beijing and Canberra.

BHP Group Ltd, the world's biggest listed miner with exposure to both iron ore and coal, jumped more than 5% to its highest in over 10 months.

Elsewhere, Australia-listed pot stocks found support in the United Nations removing cannabis from the most tightly controlled category of narcotic drugs.

Financial services firm Macquarie Group added 0.2% after announcing the acquisition of U.S.-based investment management firm Waddell & Reed Financial Inc for $1.7 billion.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index fell for a third straight session, closing 0.6% lower at 12,648.9. (Reporting by A K Pranav in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APHRIA INC. 3.74% 15.82 Delayed Quote.73.30%
AURORA CANNABIS INC. 1.32% 15.3 Delayed Quote.42.45%
AUXLY CANNABIS GROUP INC. 0.00% 0.38 Delayed Quote.49.02%
BHP GROUP 1.65% 46.82 End-of-day quote.10.35%
CANOPY GROWTH CORPORATION -2.79% 42.49 Delayed Quote.39.56%
CRONOS GROUP INC. -2.04% 13.94 Delayed Quote.60.97%
FORTESCUE METALS GROUP LIMITED 1.70% 25.18 End-of-day quote.7.47%
HEXO CORP. 2.00% 9.19 Delayed Quote.92.93%
LIBERTY HEALTH SCIENCES INC. -5.47% 1.21 Delayed Quote.24.27%
MACQUARIE GROUP LIMITED -0.70% 137.33 End-of-day quote.-0.83%
ORGANIGRAM HOLDINGS INC. 2.22% 2.3 Delayed Quote.33.14%
RIO TINTO GROUP 0.72% 120.52 End-of-day quote.5.88%
S&P/ASX 200 0.00% 6715.4 Real-time Quote.1.95%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. 2.86% 0.36 Delayed Quote.48.94%
THE SUPREME CANNABIS COMPANY, INC. 2.44% 0.21 Delayed Quote.32.26%
TILRAY, INC. 6.14% 19.7 Delayed Quote.124.70%
VALE S.A. -4.35% 93.55 End-of-day quote.6.98%
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Financials
Sales 2021 11 204 M 8 630 M 8 630 M
Net income 2021 2 214 M 1 706 M 1 706 M
Net Debt 2021 53 524 M 41 226 M 41 226 M
P/E ratio 2021 22,9x
Yield 2021 2,55%
Capitalization 47 525 M 36 682 M 36 605 M
EV / Sales 2021 9,02x
EV / Sales 2022 9,02x
Nbr of Employees 16 356
Free-Float 91,2%
Chart MACQUARIE GROUP LIMITED
Duration : Period :
Macquarie Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MACQUARIE GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 143,43 AUD
Last Close Price 137,33 AUD
Spread / Highest target 11,6%
Spread / Average Target 4,44%
Spread / Lowest Target -8,98%
EPS Revisions
Managers and Directors
NameTitle
Shemara Wikramanayake Chief Executive Officer, MD & Executive Director
Peter Hastings Warne Independent Chairman
Nicole Sorbara COO & Head-Corporate Operations Group
Alex H. Harvey CFO & Head-Financial Management Group
Diane Jennifer Grady Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MACQUARIE GROUP LIMITED-0.83%37 258
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AJ BELL PLC4.73%2 543