Magnetite Mines Limited (AU:MGT)
ASX:MGT
MGT Stock Chart & Stats
AU$0.05
AU$0.00(0.00%)
At close: 4:00 PM EST
AU$0.05
AU$0.00(0.00%)
Day’s Range― - ―
52-Week RangeAU$0.03 - AU$0.29
Previous CloseN/A
Volume12.00
Average Volume (3M)699.73K
Market Cap
AU$9.12M
Enterprise ValueAU$3.84M
Total Cash (Recent Filing)AU$2.82M
Total Debt (Recent Filing)AU$2.61M
Price to Earnings (P/E)―
Beta1.03
Next Earnings
Sep 24, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.01
Shares Outstanding294,053,500
10 Day Avg. Volume428,909
30 Day Avg. Volume699,734
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.25
Price to Sales (P/S)7681.25
P/FCF Ratio-1.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Project-focused Business ModelMagnetite Mines has a clear, single-asset development strategy centered on the Razorback project. A focused project pipeline reduces strategic drift, concentrates management effort on permitting and development, and creates a direct path to realizing resource value over the medium term.
Product Targeting High-grade Magnetite ConcentrateTargeting high-grade magnetite concentrate aligns the company with structural steelmaking demand. High-grade concentrate can command premiums and long-term offtake interest from mills, supporting enduring revenue potential once production and logistics are established.
Conservative Leverage On Balance SheetA low debt-to-equity profile provides financial flexibility for a development-stage miner. Conservative leverage reduces near-term solvency risk, lowers fixed interest burden, and preserves capacity to pursue project financing or JV structures without excessive distress during multi-year development.
Bears Say
Persistent UnprofitabilitySustained losses indicate the company cannot yet convert resources into profitable operations. Over 2-6 months this weakens investor appetite for financing, increases dilution risk when raising capital, and signals structural challenges in reaching operating economics required for a viable mine.
Negative Operating And Free Cash FlowsOngoing negative operating and free cash flows force reliance on external funding to advance the Razorback project. For a multi-year development, this elevates execution and financing risk, increases probability of equity dilution or expensive financing, and can delay key milestones.
Declining Revenue And Weak Financial PerformanceDeclining revenue alongside weak margins signals deteriorating near-term fundamentals for a company that must progress to production. This trend undermines the case for organic funding, raises questions on cost control and project viability, and lengthens the horizon to self-sustaining cash generation.
Magnetite Mines Limited News
MGT FAQ
What was Magnetite Mines Limited’s price range in the past 12 months?
Magnetite Mines Limited lowest share price was AU$0.03 and its highest was AU$0.29 in the past 12 months.
What is Magnetite Mines Limited’s market cap?
Magnetite Mines Limited’s market cap is AU$9.12M.
When is Magnetite Mines Limited’s upcoming earnings report date?
Magnetite Mines Limited’s upcoming earnings report date is Sep 24, 2026 which is in 167 days.
How were Magnetite Mines Limited’s earnings last quarter?
Magnetite Mines Limited released its earnings results on Mar 13, 2026. The company reported -AU$0.011 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.011.
Is Magnetite Mines Limited overvalued?
According to Wall Street analysts Magnetite Mines Limited’s price is currently Overvalued.
Does Magnetite Mines Limited pay dividends?
Magnetite Mines Limited does not currently pay dividends.
What is Magnetite Mines Limited’s EPS estimate?
Magnetite Mines Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Magnetite Mines Limited have?
Magnetite Mines Limited has 294,053,500 shares outstanding.
What happened to Magnetite Mines Limited’s price movement after its last earnings report?
Magnetite Mines Limited reported an EPS of -AU$0.011 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.5%.
Which hedge fund is a major shareholder of Magnetite Mines Limited?
Currently, no hedge funds are holding shares in AU:MGT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Magnetite Mines Limited Stock Smart Score
Neutral
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Blogger Sentiment
Bullish
AU:MGT Sentiment 63%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth AU$38.0K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-62.04%
12-Months-Change
Fundamentals
Return on Equity
-10.09%
Trailing 12-Months
Asset Growth
8.71%
Trailing 12-Months
Company Description
Magnetite Mines Limited
Magnetite Mines Limited explores for mineral properties in South Australia. Its flagship project is Razorback Iron project that includes the Razorback Ridge, Iron Peak, and Ironback Hill deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Wayville, Australia.
Technical Analysis
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Options Prices
Currently, No data available
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