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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$0.01 - AU$0.07
Previous CloseN/A
Volume296.61K
Average Volume (3M)373.61K
Market Cap
AU$2.98M
Enterprise ValueAU$4.42M
Total Cash (Recent Filing)AU$2.01M
Total Debt (Recent Filing)AU$2.79M
Price to Earnings (P/E)―
Beta0.83
Next Earnings
Mar 11, 2027EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
Shares Outstanding229,014,220
10 Day Avg. Volume491,264
30 Day Avg. Volume373,610
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.09
Price to Sales (P/S)0.00
P/FCF Ratio-1.71
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
Low LeverageLow leverage and a stable asset base provide Magnetite Mines with greater financial flexibility than a highly indebted developer. This reduces balance-sheet pressure while projects advance and may allow more capital to remain available for exploration, evaluation, and future development work.
Improving Free Cash FlowAlthough free cash flow remains negative, the material improvement from the 2022–2023 lows indicates that cash outflows have moderated over the more recent period. If maintained, this trend could extend the company’s funding runway and reduce the pace of future capital requirements.
Focused Magnetite StrategyA defined focus on magnetite projects gives Magnetite Mines a clear strategic direction rather than a diversified set of unrelated activities. Advancing deposits toward concentrate production creates a coherent pathway from resource exploration to potential sales to steelmakers and related markets.
Bears Say
Minimal And Volatile RevenueMinimal and volatile revenue shows that Magnetite Mines has not yet established a dependable operating revenue base. This limits internal funding capacity, makes financial performance difficult to forecast, and leaves future progress dependent on successful project advancement and eventual commercialisation.
Persistent LossesPersistent losses across operating and net income measures indicate that the company remains far from breakeven. Continued deficits can erode the equity base over time, constrain reinvestment capacity, and increase the importance of achieving profitable production or securing additional funding.
Ongoing Cash BurnRecurring negative operating and free cash flow means the business does not currently self-fund its activities. Unless cash burn falls sustainably or revenue scales, Magnetite Mines is likely to remain reliant on external capital, creating ongoing funding needs while projects are developed.
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$0.01 and its highest was AU$0.07 in the past 12 months.
What is Magnetite Mines Limited’s market cap?
Magnetite Mines Limited’s market cap is AU$2.98M.
When is Magnetite Mines Limited’s upcoming earnings report date?
Magnetite Mines Limited’s upcoming earnings report date is Mar 11, 2027 which is in 140 days.
How were Magnetite Mines Limited’s earnings last quarter?
Magnetite Mines Limited released its earnings results on Sep 30, 2026. The company reported -AU$0.009 earnings per share for the quarter.
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 229,014,220 shares outstanding.
What happened to Magnetite Mines Limited’s price movement after its last earnings report?
Magnetite Mines Limited reported an EPS of -AU$0.009 in its last earnings report. Following the earnings report the stock price went same 0%.
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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10
Technicals
SMA
Negative
20 days / 200 days
Momentum
-78.33%
12-Months-Change
Fundamentals
Return on Equity
-9.87%
Trailing 12-Months
Asset Growth
4.76%
Trailing 12-Months
Learn more about TipRanks Smart Score
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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