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$0.04 - AU$0.29

Previous CloseN/A

Volume12.00

Average Volume (3M)699.73K

Market Cap

AU$12.06M

Enterprise ValueAU$7.07M

Total Cash (Recent Filing)AU$1.49M

Total Debt (Recent Filing)AU$3.20M

Price to Earnings (P/E)―

Beta0.98

Next Earnings

Sep 24, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)-0.01

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 provides durable financial flexibility for a development-stage miner. Lower leverage reduces default risk, eases the path to project finance or JV funding, and preserves options to fund engineering and permitting without excessive interest burdens.

Focused High‑grade Magnetite ProjectConcentrated ownership of a large Razorback magnetite deposit in the Braemar region and an objective to produce high‑grade concentrate targets an established steelmaking supply chain. A high‑quality product and regional positioning support longer‑term offtake interest and project economics.

Clear Operating Revenue ModelHaving a defined path—develop mines, build processing, sell magnetite concentrate—gives strategic clarity. This business model lets management prioritize value‑accretive milestones (studies, permits, offtake) that underpin durable project monetisation when financing and execution align.

Bears Say

Persistent Unprofitable OperationsOngoing negative EBIT and net margins indicate the company cannot currently generate operating profits. For a development miner this erodes the equity base, forces repeated funding rounds, increases dilution risk, and constrains the ability to self‑fund critical studies and construction phases.

Negative Operating And Free Cash FlowSustained cash outflows from operations mean reliance on external financing to sustain activity. This creates refinancing and execution risk for long‑lead mining projects, can delay milestones, and raises the probability of non‑linear development timelines if capital markets tighten.

Negative Return On EquityA negative ROE shows the company’s asset base is not producing investor returns. Over time this undermines shareholder support and makes equity raises more dilutive or expensive, complicating capital access for project development and reducing resilience to cost overruns.

Magnetite Mines Limited News

Magnetite Mines Files Interim Accounts for December 2025 Half-Year

Magnetite Mines Limited ( ($AU:MGT) ) has issued an update. Magnetite Mines Limited has released its interim financial...

1d ago

MGT

Magnetite Mines launches A$3.92m rights issue to fund Razorback and exploration push

Magnetite Mines Limited ( ($AU:MGT) ) has shared an update. Magnetite Mines has launched a renounceable pro-rata rights...

4d ago

MGT

Magnetite Mines launches discounted $3.9m renounceable rights issue

Magnetite Mines Limited ( ($AU:MGT) ) has provided an announcement. Magnetite Mines Limited has launched a renounceable pro-rata...

4d ago

MGT

Magnetite Mines Opens Renounceable Rights Issue With Attaching Options

An announcement from Magnetite Mines Limited ( ($AU:MGT) ) is now available. Magnetite Mines Limited has opened a...

4d ago

MGT

Magnetite Mines Begins Trading Rights for Renounceable Offer on ASX

An announcement from Magnetite Mines Limited ( ($AU:MGT) ) is now available. Magnetite Mines has begun trading rights...

10d ago

MGT

Magnetite Mines defines target market for free attaching options in rights issue

Magnetite Mines Limited ( ($AU:MGT) ) has provided an announcement. Magnetite Mines has issued a Target Market Determination...

12d ago

MGT

Magnetite Mines Launches $3.92m Renounceable Rights Issue to Advance Razorback and Exploration

An announcement from Magnetite Mines Limited ( ($AU:MGT) ) is now available. Magnetite Mines has launched a renounceable...

12d ago

MGT

Magnetite Mines Plans Pro Rata Issue and Option Placement to Bolster Capital Base

Magnetite Mines Limited ( ($AU:MGT) ) has provided an announcement. Magnetite Mines Limited has announced a proposed renounceable...

12d ago

MGT

Magnetite Mines launches partially underwritten rights issue to raise up to $3.92m

Magnetite Mines Limited ( ($AU:MGT) ) has issued an update. Magnetite Mines Limited has released a prospectus for...

12d ago

MGT

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...

1M 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$0.04 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$12.06M.

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

Magnetite Mines Limited’s upcoming earnings report date is Sep 24, 2026 which is in 194 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. 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 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

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.