Magmatic Resources Ltd. (MAG) AI Stock Analysis

• Market Cap: AU$16.07M
• Dividend Yield: N/A
• Average Volume (3M): 685.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• 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: 43 Neutral
• Price Target: AU$0.03 ▼(-34.00% Downside)
• Action: Reiterated Date: 03/08/26
• Date: Action: Reiterated 03/08/26

The score is primarily driven down by weak financial quality—ongoing losses, negative ROE, and negative operating cash flow—despite strong reported revenue growth and low leverage. Technicals also remain bearish with the price below key moving averages and a negative MACD, while valuation is hard to support due to negative earnings and no dividend yield provided.

Positive Factors

Conservative leverage

A low debt-to-equity ratio and relatively healthy equity ratio reduce insolvency and refinancing risk for an exploration company. This conservative capital structure gives Magmatic longer runway to advance drilling and attract partners without near-term debt pressure, a durable stability factor.

Strong reported revenue growth

A large reported revenue uplift signals successful asset monetisation or increased partner activity, which enhances project valuation and bargaining power. Over months, sustained top-line expansion can help secure JV/farm‑in interest and non‑dilutive funding, underpinning exploration progress.

Free cash flow covers net losses

FCF modestly exceeding net losses suggests cash conversion from activities or conservative capex, limiting immediate cash burn from accounting losses. That dynamic provides a partial cash-buffer and operational flexibility while the company advances exploration and seeks partnerships.

Negative Factors

Negative operating cash flow

Persistent negative operating cash flow undermines self-funding of exploration programs and raises reliance on external capital. Over a 2–6 month horizon this increases dilution risk and can force project slowdowns if markets or partners are unavailable, a structural funding constraint.

Ongoing losses and negative ROE

Negative net and EBIT margins alongside a negative return on equity indicate the business is not generating economic returns on capital. This diminishes retained earnings and limits reinvestment capacity, making it harder to sustainably fund exploration or attract disciplined strategic partners.

Reliance on equity funding

A business model dependent on equity markets creates structural dilution and execution risk: project advancement is contingent on access to capital markets or farm‑outs. If market appetite weakens, program pacing and partner negotiations can be materially constrained over the medium term.

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. does not typically generate recurring operating revenue in the way a producer or services business does. Its economic model is primarily driven by mineral exploration value creation and capital markets funding. The company generally seeks to make money by (1) increasing the value of its exploration assets through successful exploration outcomes (e.g., new discoveries, resource definition, and project de-risking), which can support a higher market valuation; and then monetizing that value through (2) asset transactions such as project or tenement sales, farm-in/farm-out agreements, joint ventures where a partner funds exploration in exchange for an interest in a project, and/or eventual development pathways that could lead to production (though production-based revenue would only occur if a project is developed into a mine). Funding for ongoing work is typically sourced from equity raisings (share placements/rights issues) rather than operating cash flow. Specific revenue figures, commercial production income, or confirmed material partnership terms are null.

Magmatic Resources Ltd. Financial Statement Overview

Summary

Strong revenue growth is outweighed by persistent losses (negative net/EBIT margins), negative ROE, and concerning cash generation (negative operating cash flow), despite low leverage and a relatively stable equity base.

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	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	416.51K	472.91K	89.77K	54.10K	58.40K	32.17K
Gross Profit	345.32K	472.91K	89.77K	-11.14K	-16.28K	-40.29K
EBITDA	-3.24M	-1.80M	-3.39M	-7.43M	-3.01M	1.26M
Net Income	-3.68M	-2.17M	-3.38M	-7.49M	-3.02M	1.19M
Balance Sheet
Total Assets	11.19M	8.78M	10.41M	4.83M	7.13M	8.59M
Cash, Cash Equivalents and Short-Term Investments	6.23M	4.74M	6.34M	2.86M	5.02M	6.12M
Total Debt	506.95K	520.06K	580.43K	0.00	22.61K	70.64K
Total Liabilities	2.10M	1.30M	1.11M	488.75K	397.62K	1.07M
Stockholders Equity	9.08M	7.48M	9.30M	4.34M	6.73M	7.52M
Cash Flow
Free Cash Flow	-2.51M	-1.42M	-3.04M	-6.73M	-3.57M	-3.21M
Operating Cash Flow	-2.48M	-1.31M	-3.03M	-6.71M	-3.56M	-3.21M
Investing Cash Flow	-78.35K	-196.88K	15.91K	-61.82K	-14.94K	22.00K
Financing Cash Flow	2.77M	-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: Positive
• RSI: Positive
• 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, above 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 Positive momentum. The RSI at 11.45 is Positive, neither overbought nor oversold. The STOCH value of 2.16 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	47 Neutral	AU$36.41M	-3.39	-35.89%	―	―	-4.00%
KZR	47 Neutral	AU$37.69M	3.40	7.66%	―	400.00%	21.71%
IR1	44 Neutral	AU$23.84M	-1.26	-18.70%	―	―	9.01%
MAG	43 Neutral	AU$16.07M	-2.85	-44.43%	―	―	47.47%
ICL	43 Neutral	AU$12.38M	-17.16	-7.27%	―	―	-791.67%
WGR	42 Neutral	AU$38.23M	-1.91	-342.09%	―	―	40.17%

Magmatic Resources Ltd. Corporate Events

Magmatic Resources Restructures Finance Function After CFO Retirement

Magmatic Resources has announced the retirement of its Chief Financial Officer, Mike Franklin, effective immediately, marking a change in the company’s senior financial leadership structure. Instead of appointing a new CFO, the board has opted to outsource accounting and financial management to external advisers under direct board oversight, signalling a leaner corporate structure that may reduce overheads while concentrating control of financial governance at the board level.

The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

Magmatic Resources Releases Half-Year Financial Report for December 2025

Magmatic Resources Limited has released its half-year financial report for the period ended 31 December 2025, outlining its interim financial performance and position. The report provides investors with updated information on profit or loss, cash flows, and changes in equity, offering a snapshot of the company’s financial health and operational trajectory over the half year.

The half-year disclosure, including auditor review and directors’ commentary, is a routine but important update that enhances transparency for shareholders and the market. It allows stakeholders to assess Magmatic’s current financial stability, capital management, and readiness to fund ongoing exploration and development activities in a volatile resources sector.

The most recent analyst rating on (AU:MAG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Magmatic Resources Ltd. stock, see the AU:MAG Stock Forecast page.

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.