Magmatic Resources Ltd. (MAG) AI Stock Analysis

• Market Cap: AU$22.10M
• Dividend Yield: N/A
• Average Volume (3M): 685.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.63
• Revenue Growth: N/A
• EPS Growth: 47.47%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 502,231,050
• 10 Day Avg. Volume: 1,076,484
• 30 Day Avg. Volume: 685,416
• PEG Ratio: 0.23
• Price to Book (P/B): 2.68
• Price to Sales (P/S): 42.34
• P/FCF Ratio: -14.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: AU$0.04 ▼(-16.00% Downside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Magmatic Resources Ltd. faces significant challenges, primarily due to its financial performance and valuation. The company shows strong revenue growth but struggles with profitability and cash flow issues. Technical indicators suggest a bearish trend, with the stock being oversold. The negative P/E ratio and lack of dividend yield further impact the stock's attractiveness.

Positive Factors

Strong Reported Revenue Growth

A reported 223.53% revenue increase reflects material exploration progress or realizations that can meaningfully raise asset valuations. Sustained discovery or resource definition growth strengthens the company’s ability to attract partners, fund farm-ins, and monetize projects over months.

Conservative Leverage / Healthy Equity Base

A low debt-to-equity profile and healthy equity ratio provide financial flexibility, reducing insolvency risk during long exploration cycles. This conservatism gives management runway to pursue drill programs and negotiate JV/farm-out deals without heavy interest burdens over the medium term.

Clear Asset-Monetization Business Model

The firm’s explicit model — growing exploration value and monetizing via sales, farm‑ins, JVs or development — is durable for juniors. It aligns incentives with partners, enabling capital‑intensive work to be funded by third parties and allowing value capture even before production.

Negative Factors

Persistent Unprofitability / Negative ROE

Negative ROE signals that current operations destroy shareholder value rather than generate it. Over a multi‑month horizon this necessitates periodic capital raises or asset sales, increases dilution risk, and constrains the company’s ability to self‑fund exploration programs sustainably.

Negative Operating Cash Flow

Ongoing negative operating cash flow means core activities consume cash, forcing reliance on external financing. Even if free cash flow covers net losses now, sustained negative operations make the business vulnerable if capital markets tighten, threatening program continuity and partner negotiations.

Dependence on Equity Funding

A structural reliance on equity raises exposes the company to market sentiment and dilution. If exploration timelines extend or markets become adverse, the company may be forced to delay work, accept unfavorable JV terms, or issue equity at dilutive prices, eroding long‑term shareholder value.

Magmatic Resources Ltd. Business Overview & Revenue Model

Company Description

Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. The company explores for gold and copper deposits. It holds 100% interests in the Myall, Parkes, and Wellington North projects located in the East Lachlan region, New South Wales. The company was incorporated in 2016 and is headquartered in Nedlands, Australia.

How the Company Makes Money

Magmatic Resources Ltd. generates revenue primarily through the exploration and development of mineral resources, with a focus on gold and base metals. The company makes money by discovering economically viable mineral deposits and potentially advancing those projects towards production or sale. Key revenue streams include joint ventures with other mining companies, where MAG can monetize its exploration assets while mitigating financial risk. Additionally, MAG may also generate revenue through the sale of mineral rights or through partnerships that involve funding from larger firms looking to invest in promising exploration projects. The company's strategic focus on high-potential regions and the establishment of partnerships with industry players are significant factors contributing to its earnings.

Magmatic Resources Ltd. Financial Statement Overview

Summary

Magmatic Resources Ltd. shows strong revenue growth but faces significant profitability challenges. The balance sheet is stable with low leverage, but negative returns on equity highlight ongoing losses. Cash flow issues are evident, with negative operating cash flow and a reliance on free cash flow to cover net losses.

Income Statement

Magmatic Resources Ltd. has shown significant revenue growth, with a 223.53% increase in the latest period. However, the company is struggling with profitability, as indicated by negative net profit margins and EBIT margins. The gross profit margin is positive, but the net losses suggest operational inefficiencies or high costs.

Balance Sheet

The company's balance sheet shows a low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is relatively healthy, suggesting a stable asset base, but the negative ROE highlights profitability challenges.

Cash Flow

Cash flow analysis reveals negative operating cash flow, which is concerning. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow is covering net losses. However, the negative operating cash flow coverage ratio suggests cash flow issues that need addressing.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	472.91K	89.77K	54.10K	58.40K	32.17K
Gross Profit	472.91K	89.77K	-11.14K	-16.28K	-40.29K
EBITDA	-1.80M	-3.39M	-7.43M	-3.01M	1.26M
Net Income	-2.17M	-3.38M	-7.49M	-3.02M	1.19M
Balance Sheet
Total Assets	8.78M	10.41M	4.83M	7.13M	8.59M
Cash, Cash Equivalents and Short-Term Investments	4.74M	6.34M	2.86M	5.02M	6.12M
Total Debt	520.06K	580.43K	0.00	22.61K	70.64K
Total Liabilities	1.30M	1.11M	488.75K	397.62K	1.07M
Stockholders Equity	7.48M	9.30M	4.34M	6.73M	7.52M
Cash Flow
Free Cash Flow	-1.42M	-3.04M	-6.73M	-3.57M	-3.21M
Operating Cash Flow	-1.31M	-3.03M	-6.71M	-3.56M	-3.21M
Investing Cash Flow	-196.88K	15.91K	-61.82K	-14.94K	22.00K
Financing Cash Flow	-82.43K	6.50M	4.61M	2.47M	5.07M

Magmatic Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAG, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 31.08 is Neutral, neither overbought nor oversold. The STOCH value of -6.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAG.

Magmatic Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ODY	49 Neutral	AU$49.02M	-13.46	-19.04%	―	―	-4.00%
KZR	47 Neutral	AU$56.54M	-8.18	-20.41%	―	400.00%	21.71%
ICL	45 Neutral	AU$17.02M	-4.58	-12.25%	―	―	-791.67%
IR1	44 Neutral	AU$31.05M	-2.00	-30.19%	―	―	9.01%
WGR	43 Neutral	AU$58.53M	-14.60	-184.34%	―	―	40.17%
MAG	41 Neutral	AU$22.10M	-8.46	-25.89%	―	―	47.47%

Magmatic Resources Ltd. Corporate Events

Magmatic Resources Announces Change to Company Secretarial Role

Magmatic Resources Limited has announced that joint company secretary Anthea Acomb has stepped down from her role to take maternity leave. The company said that Andrea Betti will continue as sole company secretary and will remain responsible for all communications with the ASX, signalling continuity in Magmatic’s corporate governance and regulatory compliance arrangements.

The most recent analyst rating on (AU:MAG) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Grants 1 Million Unlisted Options Under Employee Incentive Scheme

Magmatic Resources Ltd has issued 1 million unlisted options under an employee incentive scheme, exercisable at A$0.1292 and expiring on 30 January 2028, with the options not intended to be quoted on the ASX. The move modestly increases the company’s pool of equity-linked compensation, aligning employee incentives with long-term share price performance while limiting immediate dilution for existing shareholders due to the unquoted, options-based nature of the grant.

The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Revises Number of Options in Proposed Securities Issue

Magmatic Resources Limited has updated its previously announced proposed issue of securities, lodging a revised Appendix 3B with the ASX on 29 January 2026. The update specifically reflects a change to the number of options proposed to be issued under a placement or other type of securities issue, signalling an adjustment in the structure or scale of the planned capital raising but maintaining the company’s intention to seek quotation of the new securities on the ASX.

The most recent analyst rating on (AU:MAG) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Confirms Shallow Gold Mineralisation at Weebo Project

Magmatic Resources has reported encouraging results from its Phase 2 reverse circulation drilling at the Weebo Gold Project, confirming shallow gold mineralisation along the 5km Ockerburry Trend and the 800m Scone Stone trend. Significant intercepts at the Ockerburry 3 prospect, including both supergene and primary gold zones, and at the Scone Stone prospect, where the exploration model has been validated, suggest the mineralised systems remain open along strike and down dip. The company is now focused on defining controls on higher-grade zones and awaits assay results from a 115-hole air-core drilling program across multiple regional prospects, which could further enhance the project’s resource potential and strengthen Magmatic’s position within a tier-one gold mining district.

The most recent analyst rating on (AU:MAG) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Plans Issue of 1.75 Million Options in New Placement

Magmatic Resources Limited has announced a proposed issue of 1,750,000 new options, exercisable at $0.1292 and expiring two years from the date of issue, as part of a placement or similar capital-raising transaction, with the issue expected to occur on 30 January 2026. The move signals a targeted effort to bolster the company’s capital structure and potentially incentivise investors and stakeholders through additional equity-linked securities, though specific use of proceeds and strategic implications were not detailed in the release.

The most recent analyst rating on (AU:MAG) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Options Lapse, Trimming Potential Future Dilution

Magmatic Resources Ltd. has confirmed the expiry of a series of unexercised options listed on the ASX under the code MAGAP, each exercisable at $0.144 and due to expire on 31 December 2025. A total of 5.5 million of these options have now lapsed without conversion, slightly simplifying the company’s capital structure and removing a potential source of future share dilution for existing shareholders.

The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Shareholders Approve All Resolutions at General Meeting

Magmatic Resources Limited reported that all resolutions put to shareholders at its 19 December 2025 general meeting were approved, including motions to ratify prior issues of placement shares under ASX Listing Rules 7.1 and 7.1A. The strong level of support for these ratifications confirms shareholder backing for recent capital-raising activities, providing the company with flexibility to manage its capital structure and maintain compliance with ASX listing requirements, which may underpin future funding and development initiatives.

The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Advances Exploration at Myall Copper-Gold Project

Magmatic Resources Ltd. has completed a 25-hole aircore drilling program at its Myall Copper-Gold Project, funded by its joint venture partner, FMG Resources Pty Ltd., a subsidiary of Fortescue Ltd. The project, which has a total exploration budget of $3.5 million for the financial year 2025-26, aims to identify Northparkes-style copper-gold porphyry mineralization. The company is also commencing an Induced Polarisation survey to further explore the potential of the site, with diamond drilling scheduled to begin in January 2026. This exploration initiative is expected to enhance Magmatic’s positioning in the mining industry by potentially uncovering significant mineral deposits.

The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.