Should I buy or sell Mandalay Resources stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mandalay Resources in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MND shares. View MND analyst ratings or view top-rated stocks .

What is Mandalay Resources' stock price target for 2024?

1 brokerages have issued 1 year target prices for Mandalay Resources' shares. Their MND share price targets range from C$2.50 to C$2.50. On average, they anticipate the company's stock price to reach C$2.50 in the next year. This suggests a possible upside of 7.3% from the stock's current price. View analysts price targets for MND or view top-rated stocks among Wall Street analysts .

How have MND shares performed in 2024?

Mandalay Resources' stock was trading at C$1.83 at the beginning of the year. Since then, MND shares have increased by 27.3% and is now trading at C$2.33. View the best growth stocks for 2024 here .

When is Mandalay Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our MND earnings forecast .

How were Mandalay Resources' earnings last quarter?

Mandalay Resources Corp. (TSE:MND) released its quarterly earnings results on Thursday, February, 22nd. The company reported $0.14 earnings per share for the quarter. The firm earned $68.88 million during the quarter. Mandalay Resources had a net margin of 4.54% and a trailing twelve-month return on equity of 4.13%.

Is Mandalay Resources a good dividend stock?

Mandalay Resources (TSE:MND) pays an annual dividend of C$0.03 per share and currently has a dividend yield of 15.81%. MND has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.27%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MND .

What other stocks do shareholders of Mandalay Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mandalay Resources investors own include Dyadic International (DYAI) , First Majestic Silver (AG) , Fortis (FTS) , First Majestic Silver (FR) , Alamos Gold (AGI) , Eldorado Gold (ELD) , New Gold (NGD) , Noront Resources (NOT) , Osisko Gold Royalties (OR) and Shopify (SHOP) .

How do I buy shares of Mandalay Resources?

Shares of MND stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:MND

Mandalay Resources (MND) Stock Price, News & Analysis

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Free MND Stock Alerts

C$2.33

+0.09 (+4.02%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$2.24
▼
C$2.34
50-Day Range: C$1.41
▼
C$2.33
52-Week Range: C$1.30
▼
C$2.65

Volume: 38,324 shs
Average Volume: 28,215 shs
Market Capitalization: C$216.50 million

P/E Ratio: 21.18
Dividend Yield: 1.29%
Price Target: C$2.50

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines

Get Mandalay Resources alerts:

Mandalay Resources MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 7.3% Upside
C$2.50 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.98 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
Mandalay Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Mandalay Resources has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MND.

2.5

Dividend Strength

Dividend Leadership
Mandalay Resources is a leading dividend payer. It pays a dividend yield of 15.81%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Mandalay Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Mandalay Resources is 27.27%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MND.

2.3

News and Social Media Coverage

News Sentiment
Mandalay Resources has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Mandalay Resources this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mandalay Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.81% of the stock of Mandalay Resources is held by insiders.
Percentage Held by Institutions
77.46% of the stock of Mandalay Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Mandalay Resources is 21.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.98.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mandalay Resources is 21.18, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.19.
Price to Book Value per Share Ratio
Mandalay Resources has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Mandalay Resources Stock (TSE:MND)

Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Bjorkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Vasterbotten County in northern Sweden. It also holds a 100% interest in the Cerro Bayo silver-gold mine covering 29,495 ha of exploitation concessions and 45 hectares of exploration concessions located in the Cerro Bayo district, southern Chile. In addition, the company holds a 100% interest in the Challacollo silver-gold project, which includes 98 mining exploitation concessions covering an area of 20,378 ha located to the southeast of the port city of Iquique, Chile. Mandalay Resources Corporation was incorporated in 1997 and is headquartered in Toronto, Canada.

MND Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MND Stock News Headlines

April 17, 2024 | americanbankingnews.com

Mandalay Resources (TSE:MND) Share Price Crosses Above 200 Day Moving Average of $1.75

April 8, 2024 | juniorminingnetwork.com

Mandalay Resources Announces Strong Production Results and Growing Cash Balance for First Quarter 2024

April 18, 2024 | Daily Market Alerts (Ad)

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April 8, 2024 | finance.yahoo.com

Mandalay Resources Corporation Announces Strong Production Results and Growing Cash Balance for First Quarter 2024

March 27, 2024 | finance.yahoo.com

Shareholders in Mandalay Resources (TSE:MND) are in the red if they invested a year ago

March 13, 2024 | wsj.com

Mandalay Resources Corp.

February 24, 2024 | finance.yahoo.com

Mandalay Resources Full Year 2023 Earnings: EPS: US$0.085 (vs US$0.26 in FY 2022)

February 22, 2024 | finanznachrichten.de

Mandalay Resources Corporation: Mandalay Resources Announces Financial Results for the Fourth Quarter and Full-Year 2023

April 18, 2024 | Daily Market Alerts (Ad)

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February 22, 2024 | finance.yahoo.com

Mandalay Resources Provides 2023 Year-End Mineral Reserves and Resources Update for the Costerfield Mine, alongside an Interim Mineral Reserves Update for the Björkdal Mine

February 15, 2024 | finance.yahoo.com

Mandalay Resources Provides Target Release Date for Fourth Quarter and Full-Year 2023 Financial Results and Conference Call

February 6, 2024 | finanznachrichten.de

Mandalay Resources Corporation: Mandalay Resources Announces Appointment of Hashim Ahmed as EVP and Chief Financial Officer

February 6, 2024 | finance.yahoo.com

Mandalay Resources Announces Appointment of Hashim Ahmed as EVP and Chief Financial Officer

February 5, 2024 | finance.yahoo.com

Mandalay Resources (TSE:MND) Is Looking To Continue Growing Its Returns On Capital

January 17, 2024 | msn.com

Mandalay Resources reports 2023 production of 89.8k GEOs

January 16, 2024 | finanznachrichten.de

Mandalay Resources Corporation: Mandalay Resources Achieves 2023 Production Guidance with a Strong Q4 and Provides Outlook for 2024

January 16, 2024 | finance.yahoo.com

Mandalay Resources Achieves 2023 Production Guidance with a Strong Q4 and Provides Outlook for 2024

November 25, 2023 | finance.yahoo.com

With 33% stake, Mandalay Resources Corporation (TSE:MND) seems to have captured institutional investors' interest

November 8, 2023 | finanznachrichten.de

Mandalay Resources Corporation: Mandalay Resources Announces Financial Results for the Third Quarter 2023 and CFO Transition

November 8, 2023 | juniorminingnetwork.com

Mandalay Resources Announces Financial Results for Third Quarter 2023 and CFO Transition

November 8, 2023 | finance.yahoo.com

Mandalay Resources Announces Financial Results for the Third Quarter 2023 and CFO Transition

November 7, 2023 | finance.yahoo.com

Mandalay Resources Corporation Provides an Exploration Update on Shepherd and Brunswick Deeps Discovery

November 6, 2023 | finance.yahoo.com

Mandalay Resources Provides Target Release Date for Third Quarter 2023 Financial Results and Conference Call

November 4, 2023 | finance.yahoo.com

Calculating The Fair Value Of Mandalay Resources Corporation (TSE:MND)

November 2, 2023 | finanznachrichten.de

Mandalay Resources Corporation: Mandalay Resources Appoints Scott Trebilcock as EVP and Chief Development Officer to Support Growth Strategy

October 31, 2023 | finance.yahoo.com

Mandalay Resources Appoints Scott Trebilcock as EVP and Chief Development Officer to Support Growth Strategy

October 16, 2023 | markets.businessinsider.com

BMO Capital Maintains a Buy Rating on Mandalay Resources (MND)

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Industrial Metals & Minerals
Sub-Industry: N/A
Current Symbol: TSE:MND
CUSIP: N/A
CIK: N/A
Web: www.mandalayresources.com
Phone: +1-647-2601566
Fax: N/A
Employees: 460
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$2.50
High Stock Price Target: C$2.50
Low Stock Price Target: C$2.50
Potential Upside/Downside: +7.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.11
Trailing P/E Ratio: 21.18
Forward P/E Ratio: 15.74
P/E Growth: N/A
Net Income: C$7.86 million
Net Margins: 4.54%
Pretax Margin: N/A
Return on Equity: 4.13%
Return on Assets: 5.36%

Debt

Debt-to-Equity Ratio: 11.98
Current Ratio: 2.50
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: C$173.34 million
Price / Sales: 1.25
Cash Flow: C$0.44 per share
Price / Cash Flow: 5.30
Book Value: C$2.12 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 92,920,000
Free Float: N/A
Market Cap: C$216.50 million
Optionable: Not Optionable
Beta: 0.60

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Key Executives

Mr. Dominic Duffy
Pres, CEO & Director
Ms. Belinda Elaine Labatte (Age 43)
Chief Devel. Officer
Mr. Nicholas Gary Dwyer C.A.
Chief Financial Officer
Mr. Greg DiTomaso
Director of Investor Relations
Ms. Jasmine Virk
Director of Corp. Affairs & Corp. Sec.

Key Competitors

View All Competitors

MND Stock Analysis - Frequently Asked Questions

Should I buy or sell Mandalay Resources stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mandalay Resources in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MND shares.
View MND analyst ratings or view top-rated stocks.
What is Mandalay Resources' stock price target for 2024?: 1 brokerages have issued 1 year target prices for Mandalay Resources' shares. Their MND share price targets range from C$2.50 to C$2.50. On average, they anticipate the company's stock price to reach C$2.50 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
View analysts price targets for MND or view top-rated stocks among Wall Street analysts.
How have MND shares performed in 2024?: Mandalay Resources' stock was trading at C$1.83 at the beginning of the year. Since then, MND shares have increased by 27.3% and is now trading at C$2.33.
View the best growth stocks for 2024 here.
When is Mandalay Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MND earnings forecast.

How were Mandalay Resources' earnings last quarter?: Mandalay Resources Corp. (TSE:MND) released its quarterly earnings results on Thursday, February, 22nd. The company reported $0.14 earnings per share for the quarter. The firm earned $68.88 million during the quarter. Mandalay Resources had a net margin of 4.54% and a trailing twelve-month return on equity of 4.13%.
Is Mandalay Resources a good dividend stock?: Mandalay Resources (TSE:MND) pays an annual dividend of C$0.03 per share and currently has a dividend yield of 15.81%. MND has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MND.
What other stocks do shareholders of Mandalay Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Mandalay Resources investors own include Dyadic International (DYAI), First Majestic Silver (AG), Fortis (FTS), First Majestic Silver (FR), Alamos Gold (AGI), Eldorado Gold (ELD), New Gold (NGD), Noront Resources (NOT), Osisko Gold Royalties (OR) and Shopify (SHOP).
How do I buy shares of Mandalay Resources?: Shares of MND stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MND) was last updated on 4/18/2024 by MarketBeat.com Staff

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Mandalay Resources (MND) Stock Price, News & Analysis

Mandalay Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Mandalay Resources Stock (TSE:MND)

MND Stock Price History

MND Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MND Stock Analysis - Frequently Asked Questions

Overall MarketRank^™