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Magmatic Resources Ltd.
(Sydney:MAG)
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Rating:42Neutral
Price Target:
AU$0.02
▼(-33.33% Downside)
Action:Upgraded
Date:10/03/26
The score is held down primarily by weak financial performance (minimal/unstable revenue, recurring losses, and persistent negative free cash flow) and bearish technical trend signals (below major moving averages with negative MACD). The balance sheet’s low leverage provides some support, but negative earnings and no dividend data keep valuation unattractive.
Positive Factors
Low leverage
Modest leverage and low debt provide financial flexibility for an exploration company whose projects may require continued investment. A lighter debt burden reduces fixed financing pressure and preserves more options to fund programs, negotiate partnerships, or respond to future discoveries.
Negative Factors
No stable recurring revenue
The absence of a stable revenue base leaves Magmatic dependent on external financing, asset transactions, or potential project partnerships rather than self-funded operations. Revenue falling to zero also indicates that exploration activities have not yet translated into recurring commercial income.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Modest leverage and low debt provide financial flexibility for an exploration company whose projects may require continued investment. A lighter debt burden reduces fixed financing pressure and preserves more options to fund programs, negotiate partnerships, or respond to future discoveries.
Read all positive factors
Magmatic Resources Ltd. (MAG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.05M
Dividend YieldN/A
Average Volume (3M)428.24K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue GrowthN/A
EPS Growth-71.15%
CountryAU
Employees115
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding502,231,050
10 Day Avg. Volume549,715
30 Day Avg. Volume428,244
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.57
Price to Sales (P/S)0.00
P/FCF Ratio-3.88
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
Magmatic Resources Ltd. Business Overview & Revenue Model
Company Description
Magmatic Resources Limited engages in the development and exploration of mineral properties in Australia. The company explores for gold and copper deposits. The company was incorporated in 2016 and is headquartered in Orange, Australia....
How the Company Makes Money
Magmatic Resources does not typically generate recurring operating revenue because it is primarily an exploration-stage company. Its funding generally comes from external financing rather than sales of products or services. Key ways it can generat...
Magmatic Resources Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
33
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 472.91K | 89.77K | 54.10K | 58.40K |
| Gross Profit | -143.90K | 472.91K | 89.77K | -11.14K | -16.28K |
| EBITDA | -4.78M | -1.80M | -3.39M | -7.43M | -3.01M |
| Net Income | -4.48M | -2.17M | -3.38M | -7.49M | -3.02M |
Balance Sheet | |||||
| Total Assets | 9.66M | 8.78M | 10.41M | 4.83M | 7.13M |
| Cash, Cash Equivalents and Short-Term Investments | 5.54M | 4.74M | 6.34M | 2.86M | 5.02M |
| Total Debt | 439.52K | 520.06K | 580.43K | 0.00 | 22.61K |
| Total Liabilities | 2.90M | 1.30M | 1.11M | 488.75K | 397.62K |
| Stockholders Equity | 6.75M | 7.48M | 9.30M | 4.34M | 6.73M |
Cash Flow | |||||
| Free Cash Flow | -2.72M | -1.42M | -3.04M | -6.73M | -3.57M |
| Operating Cash Flow | -2.60M | -1.31M | -3.03M | -6.71M | -3.56M |
| Investing Cash Flow | 634.12K | -196.88K | 15.91K | -61.82K | -14.94K |
| Financing Cash Flow | 2.76M | -82.43K | 6.50M | 4.61M | 2.47M |
Magmatic Resources Ltd. Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
25.96
Positive
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAG, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 25.96 is Positive, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MAG.
Magmatic Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$13.15M | -4.87 | -9.75% | ― | ― | 32.76% | |
44 Neutral | AU$8.55M | -6.29 | -8.22% | ― | ― | -16.67% | |
43 Neutral | AU$10.76M | -48.00 | -15.22% | ― | ― | -18.75% | |
43 Neutral | AU$11.92M | -3.33 | -16.16% | ― | ― | 47.50% | |
42 Neutral | AU$11.05M | -2.47 | -56.64% | ― | ― | -71.15% | |
40 Underperform | AU$8.52M | -1.73 | -201.09% | ― | ― | 41.73% |
* Basic Materials Sector Average
AU:MAG
Magmatic Resources Ltd.
0.02
-0.05
-68.57%
AU:TRM
Truscott Mining Corporation Ltd
0.05
-0.02
-30.00%
AU:MDI
Middle Island Resources Limited
0.01
-0.03
-65.85%
AU:KAL
Kalgoorlie Gold Mining Limited
0.02
-0.04
-65.45%
AU:NSM
North Stawell Minerals, Ltd.
0.02
-0.01
-37.14%
AU:FG1
Flynn Gold Ltd.
0.01
>-0.01
-39.13%
Magmatic Resources Ltd. Corporate Events
Magmatic Resources Sets Timetable for 2026 AGM and Director Nominations
Sep 29, 2026
Magmatic Resources has advised that it expects to hold its 2026 Annual General Meeting on or after 25 November 2026, in line with ASX Listing Rule 3.13.1. The meeting timetable underscores the company’s adherence to governance obligations an...
Magmatic Resources Details ASX-Aligned Governance Framework
Sep 25, 2026
Magmatic Resources Ltd., an ASX-listed company, has formalised a comprehensive corporate governance framework to guide its operations and oversight. The firm employs multiple policies covering board conduct, risk management, disclosure, diversity ...
Magmatic Resources Publishes 2026 Annual Report
Sep 25, 2026
Magmatic Resources Limited has released its annual report for the year ended 30 June 2026, detailing operational performance and financial results for the consolidated group. The report also includes directors’ and auditor’s statements...
Magmatic Resources Issues New Unlisted Employee Options
Sep 7, 2026
Magmatic Resources Ltd. is an ASX-listed mineral exploration company focused on developing resource projects, using equity-based instruments to incentivise employees and support growth. The firm’s capital structure includes both quoted and u...
Magmatic Resources Launches New RC Drilling Phase at Weebo Gold Project
Aug 25, 2026
Magmatic Resources will commence follow-up reverse circulation drilling at the Otto 2 and Ockerburry 3 prospects within its Weebo Project, with a rig scheduled to arrive between late August and early September 2026. The program also includes the f...
Magmatic Resources to Release 15 Million Escrowed Shares, Removing All Remaining Restrictions
Aug 6, 2026
Magmatic Resources has announced the release of 10.8 million fully paid ordinary shares and 4.2 million performance shares from voluntary escrow, effective 25 August 2026. The shares, which were previously approved for quotation in August 2025, wi...
Magmatic advances Weebo and Myall drilling as cash supports exploration push
Jul 31, 2026
Magmatic Resources reported a busy June quarter dominated by drilling at its Weebo Gold Project in Western Australia and the Myall copper–gold joint venture with Fortescue in New South Wales. Phase 3 drilling at Weebo totalled 6,591m across ...
Magmatic Resources details risk disclosures and technical sign-offs in Noosa mining conference investor presentation
Jul 22, 2026
Magmatic Resources has released an investor presentation for the Noosa Mining Conference 2026 outlining its portfolio of four advanced gold and copper projects in Australia’s key gold regions. The company emphasises that the materials are a ...
Magmatic Resources Boosts Weebo Gold Prospects With Strong Phase 3 Drill Results
Jul 21, 2026
Magmatic Resources has reported encouraging gold intercepts from Phase 3 drilling at its Weebo Project in Western Australia. The campaign targeted six prospects using reverse circulation and air core drilling to evaluate both bedrock and near̴...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.