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Retirement Plans in 2023: Choosing the Right Account
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Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
TSE:MAL

Magellan Aerospace - MAL Stock Forecast, Price & News

C$9.23
-0.02 (-0.22%)
(As of 02/2/2023 12:00 AM ET)
Add
Compare
Today's Range
C$8.98
C$9.30
50-Day Range
C$6.89
C$10.00
52-Week Range
C$6.60
C$10.15
Volume
18,351 shs
Average Volume
8,922 shs
Market Capitalization
C$530.82 million
P/E Ratio
N/A
Dividend Yield
1.12%
Price Target
C$9.50
MAL stock logo

About Magellan Aerospace (TSE:MAL) Stock

Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and structure components for the aerospace markets in Canada, the United States, Europe, and Asia. It offers aero engine products, such as engine frames, cases, bypass ducts, engine shafts, engine processes, engine materials, metallic honeycomb, filament winding, compressor components, turbine components, and afterburner components, as well as small and large wing components, landing gear, horizontal and vertical stabilizers, and nacelle exhaust systems. The company also provides crown modules, vane box and transition ducts, wing spars, wing ribs, wing skins, access covers, and kitting solutions; black brant, rato booster motors, as well as rocket weapon system comprises of fixed wing variant, and rotary wing platforms. In addition, the company offers avionics, machined metal seals, rocket engine mount, and cast products, as well as newspace, and satellite support services. Further, the company provides 3D sand printing, metal pouring, solidification modeling, automated pouring and finishing, digital radiography, and 3D scanning products. Additionally, the company offers maintenance, repair, and overhaul for various engine and components, as well as lifecycle management services to logistics, fleet management, and engineering services. Furthermore, it provides wire strike protection system services. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada.

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MAL Stock News Headlines

Stocks in play: Magellan Aerospace Corp
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Magellan Aerospace Corporation (MALJF)
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MAL Company Calendar

Last Earnings
11/08/2022
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Today
2/02/2023
Next Earnings (Estimated)
3/28/2023

Industry, Sector and Symbol

Industry
Aerospace & Defense - Major Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$9.50
High Stock Price Forecast
C$9.50
Low Stock Price Forecast
C$9.50
Forecasted Upside/Downside
+2.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$749.48 million
Cash Flow
C$0.73 per share
Book Value
C$12.73 per share

Miscellaneous

Free Float
N/A
Market Cap
C$530.82 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 62)
    Exec. Chairman
  • Mr. Phillip Campion Underwood
    Pres, CEO & Director
  • Ms. Elena M. Milantoni CA
    CPA, CFO & Corp. Sec.
  • Mr. Haydn R. Martin
    VP of Bus. Devel., Marketing & Contracts
  • Ms. Jo-Ann C. Ball
    VP of HR













MAL Stock - Frequently Asked Questions

Should I buy or sell Magellan Aerospace stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magellan Aerospace in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MAL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAL, but not buy additional shares or sell existing shares.
View MAL analyst ratings
or view top-rated stocks.

What is Magellan Aerospace's stock price forecast for 2023?

1 brokers have issued 12 month price objectives for Magellan Aerospace's stock. Their MAL share price forecasts range from C$9.50 to C$9.50. On average, they predict the company's share price to reach C$9.50 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for MAL
or view top-rated stocks among Wall Street analysts.

How have MAL shares performed in 2023?

Magellan Aerospace's stock was trading at C$10.00 at the beginning of 2023. Since then, MAL stock has decreased by 7.7% and is now trading at C$9.23.
View the best growth stocks for 2023 here
.

When is Magellan Aerospace's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 28th 2023.
View our MAL earnings forecast
.

How were Magellan Aerospace's earnings last quarter?

Magellan Aerospace Co. (TSE:MAL) posted its earnings results on Tuesday, November, 8th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $191.10 million for the quarter.

How often does Magellan Aerospace pay dividends? What is the dividend yield for Magellan Aerospace?

Magellan Aerospace declared a quarterly dividend on Wednesday, December 14th. Stockholders of record on Friday, December 30th will be paid a dividend of 0.025 per share on Friday, December 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for MAL
.

Is Magellan Aerospace a good dividend stock?

Magellan Aerospace (TSE:MAL) pays an annual dividend of C$0.34 per share and currently has a dividend yield of 1.12%.
Read our dividend analysis for MAL.

What other stocks do shareholders of Magellan Aerospace own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Aerospace investors own include Air Canada (AC), Aphria (APHA), NFI Group (NFI), Stantec (STN), Aurora Cannabis (ACB), Aecon Group (ARE), Bombardier, Inc. Class B (BBD.B), Walt Disney (DIS), First Quantum Minerals (FM) and Magna International (MG).

What is Magellan Aerospace's stock symbol?

Magellan Aerospace trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MAL."

How do I buy shares of Magellan Aerospace?

Shares of MAL 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.

What is Magellan Aerospace's stock price today?

One share of MAL stock can currently be purchased for approximately C$9.23.

How much money does Magellan Aerospace make?

Magellan Aerospace (TSE:MAL) has a market capitalization of C$530.82 million and generates C$749.48 million in revenue each year.

How many employees does Magellan Aerospace have?

The company employs 3,400 workers across the globe.

How can I contact Magellan Aerospace?

Magellan Aerospace's mailing address is 3160 Derry Rd E, MISSISSAUGA, ON L4T 1A9, Canada. The official website for the company is magellan.aero. The company can be reached via phone at +1-905-6771889.

This page (TSE:MAL) was last updated on 2/3/2023 by MarketBeat.com Staff