Magnetite Mines Limited (AU:MGT)
ASX:MGT
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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$0.03 - AU$0.29
Previous CloseN/A
Volume12.00
Average Volume (3M)699.73K
Market Cap
AU$7.35M
Enterprise ValueAU$3.19M
Total Cash (Recent Filing)AU$2.82M
Total Debt (Recent Filing)AU$2.61M
Price to Earnings (P/E)―
Beta0.75
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 indicates conservative leverage, which preserves financing flexibility for a development-stage miner. This reduces refinancing and default risk across commodity cycles, helping sustain project funding options while capital-intensive permits and construction proceed.
Magnetite Project FocusA clear strategic focus on magnetite concentrate for steelmaking aligns the company with enduring global steel demand. Specialized magnetite assets can command premium concentrate markets and offer project optionality versus generic ore, supporting long-term revenue potential when development and offtake are secured.
Positive Cash Conversion MetricA positive free cash flow to net income ratio suggests the company converts reported earnings into cash efficiently when earnings exist. For a development miner, this indicates operational and accounting settings that could support faster cash recovery and capital discipline as revenues scale.
Bears Say
Negative Operating And Free Cash FlowPersistent negative operating and free cash flows signal ongoing cash burn from operations and development spending. This creates liquidity pressure, increasing reliance on external financing or equity raises and potentially delaying project milestones or increasing dilutive funding needs over the medium term.
Persistent Losses And Negative MarginsChronic negative EBIT and net margins show the company is not generating operating profitability. Without margin recovery, internal funding for capex and development is constrained, making sustained investment, debt servicing and shareholder returns unlikely until operations shift to positive margin generation.
Declining Sales And Poor Capital ReturnsNegative revenue growth combined with a negative ROE indicates shrinking scale and poor capital efficiency. This weakens the business case for further project investment, raises questions about competitive positioning, and undermines the company's ability to generate long-term shareholder value.
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$0.03 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$7.35M.
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 96 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
Neutral
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Blogger Sentiment
Bullish
AU:MGT Sentiment 67%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth AU$38.0K over
the Last 3 Months
the Last 3 Months
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
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Options Prices
Currently, No data available
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