MGM Mirage

MGM-N

NYSE:MGM

16.16
0.22 (1.34%)
MGM Resorts International is a global hospitality and entertainment company operating destination resorts in Las Vegas, Mississippi, New Jersey and Detroit, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
More at Wikipedia

Analysis and Opinions about MGM-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 21, 2020
(A Top Pick Nov 19/19, Up 2%) Two days ago, it was up 12%, but the coronavirus has really pressured this. Buy this on any pullback.
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MGM Mirage (MGM-N)
January 21, 2020
(A Top Pick Nov 19/19, Up 2%) Two days ago, it was up 12%, but the coronavirus has really pressured this. Buy this on any pullback.
TOP PICK
TOP PICK
November 19, 2019
2018 was awful for casino stocks, but now it is poking up. He sees $40 easy and wouldn't sell it to that price. (Analysts’ price target is $34.61)
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MGM Mirage (MGM-N)
November 19, 2019
2018 was awful for casino stocks, but now it is poking up. He sees $40 easy and wouldn't sell it to that price. (Analysts’ price target is $34.61)
BUY
BUY
November 16, 2018
Loves the casinos. Nice selloff. He’d buy this all day long. When it sells off to mid-20s, it usually bounces off of that.
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MGM Mirage (MGM-N)
November 16, 2018
Loves the casinos. Nice selloff. He’d buy this all day long. When it sells off to mid-20s, it usually bounces off of that.
SELL
SELL
July 9, 2018

The sector is breaking down. There was some bad data that came out of China in their gambling numbers. There is one stock in the sector that is not too bad.

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MGM Mirage (MGM-N)
July 9, 2018

The sector is breaking down. There was some bad data that came out of China in their gambling numbers. There is one stock in the sector that is not too bad.

PAST TOP PICK
PAST TOP PICK
June 25, 2018

(Past Top Pick, May 10, 2018, Down 12%) The whole group's been hit lately, but he still likes it. It's at a good support level. There's a good future in gambling stocks.

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MGM Mirage (MGM-N)
June 25, 2018

(Past Top Pick, May 10, 2018, Down 12%) The whole group's been hit lately, but he still likes it. It's at a good support level. There's a good future in gambling stocks.

TOP PICK
TOP PICK
May 10, 2018

Likes the gaming space. Showing signs of life. Very cheap stock in a sector that he really likes. (Analysts’ price target is $38.91)

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MGM Mirage (MGM-N)
May 10, 2018

Likes the gaming space. Showing signs of life. Very cheap stock in a sector that he really likes. (Analysts’ price target is $38.91)

PAST TOP PICK
PAST TOP PICK
March 13, 2018

(A Top Pick March 9/17, Up 43%) He bought this right after the tragic Vegas shooting last year when it dipped then recently sold it when he needed the money for another stock. Still likes it. They have a strong Vegas presence by owning nine casinos. Also have a long-term opportunity in Macao and will probably get a gambling license in Japan in 2019. Wynn Resorts is no longer a factor; Wynn is out of the picture.

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MGM Mirage (MGM-N)
March 13, 2018

(A Top Pick March 9/17, Up 43%) He bought this right after the tragic Vegas shooting last year when it dipped then recently sold it when he needed the money for another stock. Still likes it. They have a strong Vegas presence by owning nine casinos. Also have a long-term opportunity in Macao and will probably get a gambling license in Japan in 2019. Wynn Resorts is no longer a factor; Wynn is out of the picture.

PAST TOP PICK
PAST TOP PICK
January 2, 2018

(A Top Pick Jan 3/17. Up 15%.) He still likes the gaming sector a lot. This one has just chugged along nicely, not a big spike up or down. It is just working its way higher and it is still going to go higher.

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MGM Mirage (MGM-N)
January 2, 2018

(A Top Pick Jan 3/17. Up 15%.) He still likes the gaming sector a lot. This one has just chugged along nicely, not a big spike up or down. It is just working its way higher and it is still going to go higher.

TOP PICK
TOP PICK
March 9, 2017

This owns casino resorts in the US, mainly Las Vegas, as well as China and Dubai. They are expanding into other parts of the US as well as Asia. This had been doing very well, but had a bad quarter, and the stock dropped to the 200-day moving average. Looking at the macro picture with a recovery in the global economy, the properties in the US and China should continue to do well. Shares are trading about 10X enterprise value over EBITDA, which is a discount to its main competitors. Dividend yield of 1.71%. (Analysts’ price target is $33.)

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MGM Mirage (MGM-N)
March 9, 2017

This owns casino resorts in the US, mainly Las Vegas, as well as China and Dubai. They are expanding into other parts of the US as well as Asia. This had been doing very well, but had a bad quarter, and the stock dropped to the 200-day moving average. Looking at the macro picture with a recovery in the global economy, the properties in the US and China should continue to do well. Shares are trading about 10X enterprise value over EBITDA, which is a discount to its main competitors. Dividend yield of 1.71%. (Analysts’ price target is $33.)

TOP PICK
TOP PICK
January 3, 2017

He loves the sector. He usually talks about the bigger companies, and this is the one that always looks like it died on the operating table. However, for the 1st time in a long time, it has actually made a move of its own without crazy volume. Barring some kind of hiccup, this stock is on its way to $40, which he thinks is attainable. It is acting quite well. (Analysts’ price target is $33.91.)

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MGM Mirage (MGM-N)
January 3, 2017

He loves the sector. He usually talks about the bigger companies, and this is the one that always looks like it died on the operating table. However, for the 1st time in a long time, it has actually made a move of its own without crazy volume. Barring some kind of hiccup, this stock is on its way to $40, which he thinks is attainable. It is acting quite well. (Analysts’ price target is $33.91.)

HOLD
HOLD
August 5, 2016

Chart shows this has recently developed an upward trend, and moved above a trading range. It is currently outperforming the market and has positive momentum. It looks fairly encouraging.

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MGM Mirage (MGM-N)
August 5, 2016

Chart shows this has recently developed an upward trend, and moved above a trading range. It is currently outperforming the market and has positive momentum. It looks fairly encouraging.

COMMENT
COMMENT
May 26, 2016

The resort space has been a little hurt and bottomed with the market, but bounced up pretty quickly. Really low volume. If it can break above the line, it has a pretty good chance of further upside. Technically he has a $33 target on this.

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MGM Mirage (MGM-N)
May 26, 2016

The resort space has been a little hurt and bottomed with the market, but bounced up pretty quickly. Really low volume. If it can break above the line, it has a pretty good chance of further upside. Technically he has a $33 target on this.

BUY
BUY
April 17, 2014

This is holding right at the 100 day moving average. On moving averages, when a stock comes down it bounces off of it several times, it is a clear uptrend and we are at that level right now. Be careful. If it drops below $21.50, that is an exit price. His expectation is $30 in the next 6 months.

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MGM Mirage (MGM-N)
April 17, 2014

This is holding right at the 100 day moving average. On moving averages, when a stock comes down it bounces off of it several times, it is a clear uptrend and we are at that level right now. Be careful. If it drops below $21.50, that is an exit price. His expectation is $30 in the next 6 months.

BUY
BUY
December 31, 2013

You have a long base, then a lot of trading and then a breakout. It looks like it will go quite a bit higher. In case there is a correction in January, you may want to get into it slowly (in thirds).

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MGM Mirage (MGM-N)
December 31, 2013

You have a long base, then a lot of trading and then a breakout. It looks like it will go quite a bit higher. In case there is a correction in January, you may want to get into it slowly (in thirds).

DON'T BUY
DON'T BUY
July 14, 2010
Very sensitive and leveraged to economic trends. A lot of debt on the balance sheet. Doesn't own any companies in this space but if he did it would probably be Las Vegas Sands (LVS-N) because their exposure is less in Las Vegas and more in Macao and Singapore, which are better growth areas.
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MGM Mirage (MGM-N)
July 14, 2010
Very sensitive and leveraged to economic trends. A lot of debt on the balance sheet. Doesn't own any companies in this space but if he did it would probably be Las Vegas Sands (LVS-N) because their exposure is less in Las Vegas and more in Macao and Singapore, which are better growth areas.
BUY
BUY
May 10, 2010
Leisure and gaming sector has been doing extremely well. Looks pretty good.
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MGM Mirage (MGM-N)
May 10, 2010
Leisure and gaming sector has been doing extremely well. Looks pretty good.
SELL
SELL
January 13, 2010
If you want to be in this space, he would be more for a Macau play directly. They are actually larger than Las Vegas now and growing faster. Las Vegas Sands (LVS-N) is a bigger player there. Gambling stocks are too unpredictable for him.
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MGM Mirage (MGM-N)
January 13, 2010
If you want to be in this space, he would be more for a Macau play directly. They are actually larger than Las Vegas now and growing faster. Las Vegas Sands (LVS-N) is a bigger player there. Gambling stocks are too unpredictable for him.
WAIT
WAIT
October 27, 2009
Finally got their creditors in place. They are out of the woods. Prefers Wynn.
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MGM Mirage (MGM-N)
October 27, 2009
Finally got their creditors in place. They are out of the woods. Prefers Wynn.
DON'T BUY
DON'T BUY
August 13, 2009
Has run up because people have got much more optimistic about the consumer and consumer discretionary spending. Very leveraged company with a lot of debt. Has run up too far for him.
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MGM Mirage (MGM-N)
August 13, 2009
Has run up because people have got much more optimistic about the consumer and consumer discretionary spending. Very leveraged company with a lot of debt. Has run up too far for him.
DON'T BUY
DON'T BUY
June 19, 2009
If you think the economy is going to start roaring again, this and the other casinos will start doing well again. But his figures show earnings momentum is negative.
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MGM Mirage (MGM-N)
June 19, 2009
If you think the economy is going to start roaring again, this and the other casinos will start doing well again. But his figures show earnings momentum is negative.
COMMENT
COMMENT
June 16, 2009
He tends to be a big believer in this sector, the gaming space in general. Have a lot of debt, which is scary. If you own you are betting on their ability to refinance. The high yield market is in a lot better shape than in March so directionally he would be bullish.
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MGM Mirage (MGM-N)
June 16, 2009
He tends to be a big believer in this sector, the gaming space in general. Have a lot of debt, which is scary. If you own you are betting on their ability to refinance. The high yield market is in a lot better shape than in March so directionally he would be bullish.
COMMENT
COMMENT
June 11, 2009
Las Vegas is really hurting. Was very pleased to see this company was able to get their financing together because he owns their bonds. Prefers Wynn Resorts (WYNN-Q). (See Top Picks.)
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MGM Mirage (MGM-N)
June 11, 2009
Las Vegas is really hurting. Was very pleased to see this company was able to get their financing together because he owns their bonds. Prefers Wynn Resorts (WYNN-Q). (See Top Picks.)
TOP PICK
TOP PICK
June 4, 2009
This is a gamble. Struggling but he sees a bit of a pickup. Once the US economy turns around, a lot of people will be going into Vegas.
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MGM Mirage (MGM-N)
June 4, 2009
This is a gamble. Struggling but he sees a bit of a pickup. Once the US economy turns around, a lot of people will be going into Vegas.
COMMENT
COMMENT
September 5, 2008
Has been devastated along with most of the other gaming stocks. Gambling revenues are way down. You'll want to own this when the economy starts to turn around.
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MGM Mirage (MGM-N)
September 5, 2008
Has been devastated along with most of the other gaming stocks. Gambling revenues are way down. You'll want to own this when the economy starts to turn around.
TOP PICK
TOP PICK
September 7, 2005
Was oversold when the hurricane destroyed Louisia's casinos.
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MGM Mirage (MGM-N)
September 7, 2005
Was oversold when the hurricane destroyed Louisia's casinos.
DON'T BUY
DON'T BUY
June 14, 2001
A cyclical business. Depends on economy. Fairly highly valued now.
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MGM Mirage (MGM-N)
June 14, 2001
A cyclical business. Depends on economy. Fairly highly valued now.
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MGM Mirage(MGM-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for MGM Mirage is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

MGM Mirage(MGM-N) Frequently Asked Questions

What is MGM Mirage stock symbol?

MGM Mirage is a American stock, trading under the symbol MGM-N on the New York Stock Exchange (MGM). It is usually referred to as NYSE:MGM or MGM-N

Is MGM Mirage a buy or a sell?

In the last year, 1 stock analyst published opinions about MGM-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for MGM Mirage.

Is MGM Mirage a good investment or a top pick?

MGM Mirage was recommended as a Top Pick by Elliott Fishman on 2020-01-21. Read the latest stock experts ratings for MGM Mirage.

Why is MGM Mirage stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is MGM Mirage worth watching?

1 stock analyst on Stockchase covered MGM Mirage In the last year. It is a trending stock that is worth watching.

What is MGM Mirage stock price?

On 2020-07-14, MGM Mirage (MGM-N) stock closed at a price of $16.16.