Maaden shares close at 2-year high

30/10/2024 Argaam Exclusive

Shares of Saudi Arabian Mining Co. (Maaden) hit their two-year high of SAR 57.20 on the Saudi Exchange (Tadawul) today, Oct. 30.
 
The stock closed 1% lower at SAR 56.20, with nearly 2.25 shares traded.

Year High (SAR) Year Low (SAR)
57.20 35.40
Highest Since Debut (SAR) Lowest Since Debut (SAR)
57.75 3.30

Accordingly, the stock has gained over 15% year-to-date (YTD).

Market Data :

Open 54.20
Low 54.20
High 57.20
Previous Close 54.00
Change (3M) 37.91 %
Change (6M) 12.85 %
Market Value 207,477.47
Avg. Volume (3M) 3,117,160.12
Avg. Turnover (3M) 143,547,708.20
Avg. Transaction (3M) 6,741.78
Change(12M) 48.29 %
YTD 15.76 %

The company made a number of changes to its capital since listing:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2024 Private Offering   38,027.86 3.01%
2024 Private Offering   38,887.63 2.26%
2023 Split   36,917.73 50.00%
2022 Split   24,611.82 100.00%
2019 Private Offering   12,305.91 5.32%
2014 Right Issue   11,684.78 26.32%
2008 IPO   9,250.00 100.00%

Financial Performance :

Overview :

Maaden was formed by Royal Decree in 1997 as a state-owned company to facilitate the development of Saudi Arabia's mineral resources. In 2008, the company listed 50 percent of its shares on the Saudi Stock Exchange (Tadawul). The company conducts its business through three divisions: Phosphates, Aluminum and Precious Metals, and Base Metals. Its activities are focused on gold mining from several mines throughout Saudi Arabia; i.e. Mahd Ad Dahab, Bulghah, Sukhaybarat, Al Amar, As-Suq and Ad...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 207,477.47
Shares Outstanding ((M)) 3,691.77
EPS ( Riyal) (TTM) 1.05
Book Value (BV) ( Riyal) (Latest announcement) 13.31
Adjusted P/E (Last12) 61.18
Price/book 4.22
Dividend Yield (%) (Last Year) 0.00
Return on Average Assets (%) (TTM) 3.49
Return on Average Equity (%) (TTM) 8.15
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 243,014.51


Analyst Estimates :

42.41

Fair Average Price

12

Number of Recommendations

Rating Research firm Current Price Target Price Change
Aggregate U-Capital 42.10 46.50 10.45 %
Buy Riyad Capital 41.95 60.00 43.03 %
Under Review Sico 41.95 -
Neutral Goldman Sachs 41.95 39.50 (5.84 %)
Buy Alawwal Capital 39.35 51.93 31.97 %
Underweight Bank of America 39.35 40.00 1.65 %
Buy Arqaam Capital 39.35 48.00 21.98 %
Sell AlphaMena 39.10 30.70 (21.48 %)
Underweight HSBC 41.95 31.00 (26.10 %)
Neutral JP Morgan 41.95 40.00 (4.65 %)
Neutral Hermes 42.05 36.50 (13.20 %)
Hold U-Capital 42.00 -

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