Magellan Aerospace (TSE:MAL) Sets New 52-Week High – Here’s Why

Posted by Brian Himes on Jul 2nd, 2026

Magellan Aerospace Co. (TSE:MAL – Get Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$34.77 and last traded at C$34.50, with a volume of 7409 shares changing hands. The stock had previously closed at C$33.12.

Analyst Upgrades and Downgrades

MAL has been the topic of a number of research reports. TD Securities upped their target price on Magellan Aerospace from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. TD boosted their price objective on shares of Magellan Aerospace from C$30.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, ATB Cormark Capital Markets increased their target price on shares of Magellan Aerospace from C$31.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$36.00.

Check Out Our Latest Stock Analysis on Magellan Aerospace

Magellan Aerospace Stock Down 1.3%

The stock has a market cap of C$1.92 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of -21.36 and a beta of 1.01. The business has a fifty day moving average of C$29.35 and a 200 day moving average of C$24.38. The company has a debt-to-equity ratio of 11.46, a current ratio of 2.51 and a quick ratio of 1.55.

Magellan Aerospace (TSE:MAL – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported C$0.29 earnings per share (EPS) for the quarter. The firm had revenue of C$285.10 million during the quarter. Magellan Aerospace had a net margin of 4.22% and a return on equity of 5.48%. On average, equities analysts predict that Magellan Aerospace Co. will post 0.9692308 earnings per share for the current year.

Magellan Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Magellan Aerospace’s payout ratio is presently 25.32%.

Magellan Aerospace Company Profile

(Get Free Report)

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India.