Date of Data Capture: 26/08/2020
Name: MACA LIMITED (MLD)
Classification: Mining Support Services
Current Price: $1.04
Market Capitalisation: $279 M
Forecast EBITDA Growth: 10.34%
Yield Estimate: 5.78%
Consensus Price Target: $1.25
# Covering Analysts: 3
Discount at Current Price: -16.82%
Price Target Trend (3-Month): Up-Flat +8.70%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: (Dividend Income) & Capital Growth
Set up Notes:
• Mining services operator MACA looks like it is emerging out of a major recovery base, buoyed by the resurgent resources sector and looking good on stronger performance and forecasting.
• Even though sales have been rising since 2017, profits had fallen on lower margins in 2018/19, before the earnings boost last year with further strong performance expected out to 2022.
• Pricing has crested back above major (and very important) $1 price resistance, and now looks ready to chase old highs with positive short and longer-term momentum signalling here.
($): 1.00, 0.95, 0.90, 0.85 & 0.80.
($): 1.10, 1.20, 1.30, 1.40 & 1.50.