Tadawul 1211 : Saudi Arabian Mining - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 43 – 44 |
Target | 46 – 47 |
StopLoss* | below 40.5 |
Duration | 10-12 Trading Days |
Potential Returns | 6% – 7% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 43 – 44 | 46 – 47 | below 40.5 | 10-12 Trading Days | 6% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Tadawul 1211 : Saudi Arabian Mining - STOCK OVERVIEW
Ma’aden, a mining and metals company based in the Kingdom of Saudi Arabia, along with its subsidiaries, operates in various regions globally including the Indian Subcontinent, Japan, the United States, Europe, Australia, Brazil, Africa, and the GCC. The company has distinct strategic business units such as Phosphate, Aluminium, Base Metals and New Minerals, as well as additional segments. Its primary mining activities involve gold, phosphate rock, bauxite, kaolin, and magnesite, along with the extraction of copper, zinc, and silver concentrates. The company primarily owns stakes in the Mansourah-Massarah, Mahd Ad-Dahab, Bulghah, Al-Amar, Sukhaybarat, As Suq, Ad Duwayhi, Al-Jalamid, Al-Khabra, Az Zabirah, Al-Ghazallah, and Al-Ba’itha mines. It distributes phosphate fertilizers, ammonia, and industrial minerals, along with alumina, aluminum, and flat rolled products directly to customers and through marketing agents. Additionally, the company manufactures aluminum and T-shape ingots, slabs, sheets, and billets, caustic soda and EDC, as well as urea, phosphate, and potassium fertilizers. It also oversees and advances infrastructure projects. Saudi Arabian Mining Company (Ma’aden) is based in Riyadh, the Kingdom of Saudi Arabia.
Stock Data | |
TADAWUL Code | 1211 |
Sectoral Index | Materials |
52 Weeks High | 56.4 |
52 Weeks Low | 35.4 |
Tadawul 1211 : Saudi Arabian Mining - RELATIVE STRENGTH

Relative Performance - Last 1 Year
Saudi Arabian Mining — TASI —
Tadawul 1211 : Saudi Arabian Mining - TECHNICAL ANALYSIS (DAILY)

- The stock price was previously moving downwards within a parallel channel.
- After forming an Inverted Head & Shoulder pattern, the price went through a period of consolidation.
- After breaking out, the stock price changed direction, consolidated again, and formed a Rising Wedge pattern.
- Following this pattern, the stock price broke out of the range and experienced a notable decrease.
- Eventually, the stock found support and continued its upward trend.
Tadawul 1211 : Saudi Arabian Mining - MACD

- MACD line has just crossed the signal line from the below, generates bullish signal.
Tadawul 1211 : Saudi Arabian Mining - EMA Cross

- The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Tadawul 1211 : Saudi Arabian Mining - Bollinger Bands

- The Price bounced when it touched the lower band and moved higher.
CONCLUSION - Tadawul 1211 : Saudi Arabian Mining STOCK PRICE FORECAST
Based on our stock trading advice in Saudi Arabia, Saudi Arabian Mining stock price target will be SAR 46 – SAR 47 in the next 10-12 trading sessions.