Magnetite Mines Limited (AU:MGT)
ASX:MGT
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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$8.23M
Enterprise ValueAU$3.58M
Total Cash (Recent Filing)AU$2.82M
Total Debt (Recent Filing)AU$2.61M
Price to Earnings (P/E)―
Beta0.77
Next Earnings
Sep 25, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.03
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
Conservative Leverage / Low DebtA relatively low debt-to-equity ratio preserves financial flexibility and reduces near-term refinancing risk. This durability supports project funding options and lowers solvency stress while the company advances capital‑intensive magnetite development over the next several months.
Efficient Cash Conversion MetricA positive free cash flow to net income ratio indicates the company can convert reported earnings into cash more efficiently than peers when profitability improves. This structural efficiency can speed recovery of cash metrics and support funding of next development stages once revenue stabilizes.
Focused Magnetite Development StrategyA clear, specialized focus on magnetite projects in South Australia concentrates management effort and technical expertise, helping prioritize capital allocation and permitting. This concentrated business model improves execution clarity and positions the company to capture demand for magnetite concentrate over the medium term.
Bears Say
Persistent Losses And Negative MarginsSustained negative net profit and EBIT margins erode shareholder equity and limit internal funding for development. Persistent losses force reliance on external capital, increase dilution risk, and constrain the company's ability to scale operations or fund capex over the coming months.
Negative Operating And Free Cash FlowsNegative operating and free cash flows create liquidity pressure and heighten dependence on financing to sustain exploration and development. This structural cash deficit can delay project timelines, raise funding costs, and increase execution risk over the medium term if revenue recovery is slow.
Declining Revenue GrowthNegative revenue growth undermines the path to break‑even and reduces leverage of fixed costs, making margin recovery harder. A shrinking top line weakens project economics and prolongs reliance on external funding, limiting the company's ability to advance development without material operational changes.
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$8.23M.
When is Magnetite Mines Limited’s upcoming earnings report date?
Magnetite Mines Limited’s upcoming earnings report date is Sep 25, 2026 which is in 127 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 67%
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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