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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Magellan Financial Group Limited    MFG   AU000000MFG4

MAGELLAN FINANCIAL GROUP LIMITED

(MFG)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/26
58.36 AUD   -1.54%
10/22ASX : MFG - 2020 AGM - Results of Meeting
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10/22ASX : MFG - 2020 AGM CEO's Presentation
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10/22ASX : MFG - 2020 AGM Chairman's Address
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Australia shares firm on U.S. stimulus hopes, NZ rises

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08/09/2020 | 10:43pm EDT

* Australia reports most daily virus casualties

* Financial stocks lead on Aussie benchmark

Aug 10 (Reuters) - Australian shares firmed on Monday, lifted by hopes that U.S. lawmakers could soon reach a deal for fresh fiscal stimulus, even as a resurgence in COVID-19 infections at home led to a record number of daily deaths.

The S&P/ASX 200 index rose 0.7% to 6,045.9 points by 0056 GMT, rebounding from a 0.6% drop on Friday.

Investor sentiment was supported by expectations of further COVID-19 aid in the United States after the U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin said on Sunday they were open to restarting talks after weeks of failed negotiations.

Financial stocks rose 1.3% and hit their highest level since July 31.

Gains on the sub-index were led by Magellan Financial Group , up 2.78%, followed by Credit Corp Group, gaining 2.5%.

The Big Four lenders added between 1.8% and 2.2%, with two of them slated to report earnings this week.

Meanwhile, Australia continued to see a rising death toll from the pandemic, although the number of new infections in the country's virus hot spot - state of Victoria - fell to a near two-week low.

The gold sub-index dropped 0.5% after bullion prices slumped on Friday and snapped their recent record-breaking rally.

The country's biggest gold miner, Newcrest Mining, gave up 1.2% after confirming a COVID-19 case at its Lihir Island facility.

In New Zealand, the benchmark S&P/NZX 50 index advanced 0.5%, as the Pacific island nation crossed more than 100 days without a domestic transmission of the virus.

The top percentage gainers on the index were Westpac Banking up 2.5%, Australia and New Zealand Banking Group up 2.3% and Pushpay Holdings up 2%. (Reporting by Deepali Saxena; Editing by Aditya Soni)


Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.06% 0.7124 Delayed Quote.1.65%
CREDIT CORP GROUP LIMITED -1.03% 20.23 End-of-day quote.-34.40%
MAGELLAN FINANCIAL GROUP LIMITED -1.54% 58.36 End-of-day quote.2.48%
NEWCREST MINING LIMITED -0.62% 30.52 End-of-day quote.0.89%
PUSHPAY HOLDINGS LIMITED 0.00% 9.3 End-of-day quote.131.34%
S&P/ASX 200 -0.18% 6155.6 Real-time Quote.-7.74%
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All news about MAGELLAN FINANCIAL GROUP LIMITED
10/22ASX : MFG - 2020 AGM - Results of Meeting
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10/22ASX : MFG - 2020 AGM CEO's Presentation
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10/22ASX : MFG - 2020 AGM Chairman's Address
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10/20ASX : MFG - 2020 AGM 22 October 2020 - Registration Information
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10/14ASX : MFG - Change of Director's Interest Notice - Paul Lewis
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10/14ASX : MFG - Funds Under Management - September 2020
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09/21MAGELLAN FINANCIAL : Barrenjoey Capital Lures Magellan Financial
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09/18ASX : MFG - Notice of 2020 AGM
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09/18ASX : MFG - Information about 2020 Annual General Meeting/Proxy Form
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08/26ASX : MFG - 2020 Final Dividend Chairman's Letter
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More news
Financials
Sales 2021 708 M 504 M 504 M
Net income 2021 413 M 294 M 294 M
Net cash 2021 335 M 239 M 239 M
P/E ratio 2021 26,0x
Yield 2021 3,85%
Capitalization 10 717 M 7 634 M 7 636 M
EV / Sales 2021 14,7x
EV / Sales 2022 13,3x
Nbr of Employees 131
Free-Float 71,5%
Chart MAGELLAN FINANCIAL GROUP LIMITED
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Magellan Financial Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends MAGELLAN FINANCIAL GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 59,12 AUD
Last Close Price 58,36 AUD
Spread / Highest target 15,1%
Spread / Average Target 1,30%
Spread / Lowest Target -17,8%
EPS Revisions
Managers
NameTitle
Brett Peter Cairns Chief Executive Officer
Hamish Macquarie Douglass Chairman & Chief Investment Officer
Kirsten Elizabeth Morton Chief Financial Officer
Kris Webster Head-Technology, Communications & Media
Vihari Ross Head-Research
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