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MGT Stock Chart & Stats
AU$0.02
AU$0.00(0.00%)
At close: 4:00 PM EDT
AU$0.02
AU$0.00(0.00%)
Day’s Range― - ―
52-Week RangeAU$0.02 - AU$0.29
Previous CloseN/A
Volume296.61K
Average Volume (3M)699.73K
Market Cap
AU$5.59M
Enterprise ValueAU$3.19M
Total Cash (Recent Filing)AU$2.82M
Total Debt (Recent Filing)AU$2.61M
Price to Earnings (P/E)―
Beta0.83
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 LeverageLow reported debt-to-equity indicates conservative leverage, a durable strength. It reduces refinancing and interest-service risk while the company develops long‑dated mining projects, giving flexibility to fund capex or weather operational delays without immediate solvency pressure.
Focused Asset StrategyA concentrated business model targeting magnetite concentrate in a defined region supports deep technical expertise, clearer permitting and development plans, and focused capital allocation. Over months this improves execution probability versus dispersed exploration portfolios and aligns with steelmaking end markets.
Stable Capital StructureA moderate equity ratio signals a balanced funding mix that can reduce the need for urgent recapitalisation. For a development miner this offers steadier access to project financing and less dilution pressure, improving the chance to complete milestones without destabilizing the balance sheet.
Bears Say
Persistent UnprofitabilityContinued negative net profit and EBIT margins show the company cannot yet convert operations into profit. That structural unprofitability limits internal funding for development, increases reliance on external capital, and erodes returns for shareholders until profitable operations or new revenue streams emerge.
Negative Operating Cash FlowSustained negative operating and free cash flows create lasting liquidity pressure. Development timelines become dependent on external financing, raising execution risk and potential dilution. Over 2-6 months this constrains ability to progress projects and meet milestone-driven expenditures.
Declining RevenueNegative revenue growth indicates shrinking top-line momentum or delayed production. For a project developer this prolongs the path to scale and margin improvement, makes project economics harder to realize, and increases the time horizon before cash generation and profitability can be achieved.
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$0.02 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$5.59M.
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 53 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
Underperform
1
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5
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8
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10
Blogger Sentiment
Bullish
AU:MGT Sentiment 71%
Sector Average 69%
Sector Average 69%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-62.04%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
8.71%
Trailing 12-Months
Company Description
Magnetite Mines Limited
Magnetite Mines Limited (MGT.AX) is an Australian enterprise primarily engaged in the exploration of mineral deposits across South Australia. Its flagship asset is the Razorback Iron project, which incorporates the Razorback Ridge, Iron Peak, and Ironback Hill deposits, all situated in the Adelaide region of South Australia. The firm, established in 2004, operated under the name Royal Resources Limited until December 2015, when it officially became Magnetite Mines Limited. The company's principal office is located in Wayville, Australia.
Technical Analysis
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