Want to see AU:MGT full AI Analyst Report?
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$0.02 - AU$0.29
Previous CloseN/A
Volume12.00
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)―
Beta0.86
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 LeverageA relatively low debt-to-equity ratio gives the company durable financial flexibility for a capital-intensive mining development cycle. Lower leverage reduces interest burden and bankruptcy risk, making it easier to secure project finance or bridge funding while advancing permit and build stages.
Stable Capital StructureA moderate equity ratio indicates a stable funding base that supports multi-year project development. This structure preserves capacity to raise non-dilutive or structured finance and improves lender confidence, which is important for long lead-time mine construction and sustaining operations through development phases.
Strategic Magnetite FocusConcentrating on magnetite for steelmaking ties the business to a structurally relevant feedstock for domestic and export steel markets. If the company can advance resource-to-concentrate delivery, the product aligns with long-term steel demand, enabling durable offtake and project economics once production scales.
Bears Say
Persistent LossesSustained negative net profit and EBIT margins erode equity and limit internal funding for capital projects. Persistent losses make dilution or expensive external financing more likely, undermining long-term project execution, stakeholder confidence, and the company’s ability to self-fund development milestones.
Negative Operating & Free Cash FlowNegative operating and free cash flows indicate operations do not generate the cash needed for investment or debt servicing. This increases dependence on external capital, heightens execution risk for multi-year mine builds, and constrains the company’s ability to respond to cost overruns or schedule delays.
Declining Revenue And Negative ROEDeclining revenue combined with negative return on equity signals poor monetization of assets and weak operational scalability. Over months, this can limit reinvestment, reduce attractiveness to partners or lenders, and suggest structural challenges in converting exploration progress into profitable production.
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 75 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
2
3
4
5
6
7
8
9
10
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 (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
Hawsons Iron Ltd
―
Vanadium Resources Ltd.
―
Genmin Ltd.
―
Magontec Limited
―
Macarthur Minerals Ltd.
―
Options Prices
Currently, No data available
---