Magnetite Mines Limited (MGT) Price & Analysis

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MGT Stock Chart & Stats

AU$0.05

AU$0.00(0.00%)

At close: Jan 09 4:00 PM EST

AU$0.05

AU$0.00(0.00%)

Day’s Range― - ―

52-Week RangeAU$0.05 - AU$0.29

Previous CloseN/A

Volume12.00

Average Volume (3M)699.73K

Market Cap

AU$11.37M

Enterprise ValueAU$8.24M

Total Cash (Recent Filing)AU$1.49M

Total Debt (Recent Filing)AU$3.20M

Price to Earnings (P/E)―

Beta0.83

Next Earnings

Mar 05, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)-0.02

Shares Outstanding196,035,680

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 gives Magnetite Mines durable financial flexibility during project development. Lower leverage reduces refinancing and interest burden risk, improving ability to time capital raises and weather commodity cycles while advancing studies and approvals.

Focused Product Strategy — High‑grade Magnetite ConcentrateConcentrating on high‑grade magnetite delivers a structurally differentiated product for steelmakers. High‑grade concentrate can command quality premiums and fits decarbonisation and feedstock efficiency trends, supporting longer‑term demand from steel value chains if project is executed.

Moderate Equity Ratio / Stable Capital StructureA moderate equity ratio indicates a stable capital base and less aggressive capital structure, which can make project financing conversations easier and reduce short‑term solvency concerns while the company progresses permitting and feasibility work toward de‑risking the asset.

Bears Say

Persistent Unprofitability And Negative MarginsSustained negative margins erode retained capital and undermine the firm's ability to self‑fund development. Persistent losses force reliance on external funding, constrain reinvestment, and signal structural challenge converting exploration/development progress into commercial profitability.

Negative Operating And Free Cash FlowsNegative operating and free cash flows mean the business currently consumes cash to advance projects. This structural cash burn increases liquidity risk, necessitates recurrent capital raises or dilution, and can delay project milestones if external financing becomes costly or scarce.

No Disclosed Offtake Contracts; Reliance On Capital RaisesAbsence of disclosed offtake agreements reduces revenue visibility and weakens lender/partner confidence. Combined with a model that funds development via capital raises, this heightens execution and financing risk across the multi‑year development timeline until commercial sales are secured.

Magnetite Mines Limited News

Magnetite Mines Options Lapse After Unmet Conditions

The latest announcement is out from Magnetite Mines Limited ( ($AU:MGT) ). Magnetite Mines reported that 167,940 MGTAC...

18d ago

MGT

Magnetite Mines Advances Razorback Approvals and Green Iron Strategy Amid Expanded Exploration Push

Magnetite Mines Limited ( ($AU:MGT) ) just unveiled an update. Magnetite Mines reported steady progress at its flagship...

23d ago

MGT

Magnetite Mines Director Paul White Increases Stake Through Fee-for-Shares Arrangement

Magnetite Mines Limited ( ($AU:MGT) ) just unveiled an announcement. Magnetite Mines Limited has disclosed a change in...

30d ago

MGT

Magnetite Mines Pays Directors in Shares to Preserve Cash

Magnetite Mines Limited ( ($AU:MGT) ) has shared an announcement. Magnetite Mines has issued 547,805 fully paid ordinary...

30d ago

MGT

Magnetite Mines Seeks ASX Quotation for New Incentive Scheme Shares

An update from Magnetite Mines Limited ( ($AU:MGT) ) is now available. Magnetite Mines Limited has applied to...

30d ago

MGT

Magnetite Mines Secures Strategic Tenement Adjacent to Ironback Hill Rare Earths Prospect

Magnetite Mines Limited ( ($AU:MGT) ) has issued an update. Magnetite Mines has secured the Braemar Creek Exploration...

2M ago

MGT

Magnetite Mines Options Lapse, Trimming Potential Dilution

The latest update is out from Magnetite Mines Limited ( ($AU:MGT) ). Magnetite Mines Limited has updated the...

2M ago

MGT

Magnetite Mines Refocuses Razorback Partnerships on Fast‑Moving Green Steel Markets

An update from Magnetite Mines Limited ( ($AU:MGT) ) is now available. Magnetite Mines has updated its strategic...

2M ago

MGT

Magnetite Mines Announces Director’s Interest Changes

An update from Magnetite Mines Limited ( ($AU:MGT) ) is now available. Magnetite Mines Limited announced a change...

3M ago

MGT

Magnetite Mines Issues Unquoted Equity Securities for Employee Incentive

Magnetite Mines Limited ( ($AU:MGT) ) has provided an update. Magnetite Mines Limited has announced the issuance of...

3M ago

MGT

MGT FAQ

What was Magnetite Mines Limited’s price range in the past 12 months?

Magnetite Mines Limited lowest share price was AU$0.05 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$11.37M.

When is Magnetite Mines Limited’s upcoming earnings report date?

Magnetite Mines Limited’s upcoming earnings report date is Mar 05, 2026 which is in 11 days.

How were Magnetite Mines Limited’s earnings last quarter?

Magnetite Mines Limited released its earnings results on Sep 26, 2025. The company reported -AU$0.016 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.016.

Is Magnetite Mines Limited overvalued?

According to Wall Street analysts Magnetite Mines Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

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 196,035,680 shares outstanding.

What happened to Magnetite Mines Limited’s price movement after its last earnings report?

Magnetite Mines Limited reported an EPS of -AU$0.016 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 3.279%.

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

Underperform

Fundamentals

Return on Equity

-11.34%

Trailing 12-Months

Asset Growth

8.05%

Trailing 12-Months

Top Smart Score Stocks >

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.