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
Indicators:
Short-term:
Positive-Neutral
Medium-term:
Positive
Long-term:
Positive
Recommendation:
Buy
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) $1 price resistance, and now looks ready to chase old highs with positive short and longer-term momentum signalling here.
Support ($): 1.00, 0.95, 0.90, 0.85 & 0.80.
Resistance ($): 1.10, 1.20, 1.30, 1.40 & 1.50.
