Magna Mining (MGMNF) Price & Analysis

0 Followers

MGMNF Stock Chart & Stats

$1.97

-$0.02(-1.26%)

At close: Jul 29 4:00 PM EDT

$1.97

-$0.02(-1.26%)

Day’s Range― - ―

52-Week Range$1.35 - $3.10

Previous CloseN/A

Volume34.95K

Average Volume (3M)102.46K

Market Cap

$638.80M

Enterprise Value$500.58

Total Cash (Recent Filing)$35.77M

Total Debt (Recent Filing)$16.28M

Price to Earnings (P/E)―

Beta1.97

Next Earnings

Nov 25, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)-0.24

Shares Outstanding313,221,220

10 Day Avg. Volume116,389

30 Day Avg. Volume102,461

Financial Highlights & Ratios

PEG Ratio2.31

Price to Book (P/B)6.23

Price to Sales (P/S)9.46

P/FCF Ratio-14.33

Enterprise Value/Market Cap<0.01

Enterprise Value/Revenue<0.01

Enterprise Value/Gross Profit>-0.01

Enterprise Value/Ebitda>-0.01

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)-0.04

Revenue Forecast (FY)$91.25M

Bulls Say, Bears Say

Bulls Say

Revenue GrowthThe sharp revenue ramp indicates that Magna is moving beyond its earlier minimal-revenue stage and building operating scale. Sustained growth could improve project economics and support future development, although profitability conversion remains unproven.

Manageable LeverageLow debt relative to equity limits immediate balance-sheet pressure and preserves flexibility to fund exploration, development, or strategic initiatives. This provides a stronger financial base than a highly leveraged structure, despite ongoing losses and capital erosion.

Operational And Funding ProgressHigher output, better unit costs, and reported quarterly cash generation suggest improving project execution. The planned strategic investment could strengthen the balance sheet and fund growth, potentially reducing dependence on repeated external financing.

Bears Say

Unprofitable Cost StructureNegative gross profit and substantial operating and net losses show that current revenue is not yet covering the cost structure. Without durable margin improvement, growth may increase activity without creating reliable earnings or internally funded development.

Severe Cash BurnPersistent negative operating and free cash flow indicates that the business requires significant funding while it advances its assets. If cash generation does not improve, exploration and development plans may depend on equity, debt, or strategic capital.

Capital Base ErosionAlthough leverage is modest, continuing losses are reducing shareholder equity and weakening financial resilience over time. This can increase dilution and financing risk, particularly for an exploration and development company with substantial ongoing funding needs.

Magna Mining News

Magna Mining Secures C$140 Million Strategic Investment from Alpayana

Magna Mining ( ($TSE:NICU) ) has provided an announcement. Magna Mining has closed a C$140 million non-brokered strategic...

10d ago

Magna Mining Delivers Record Q2 Output, Secures Major Strategic Investment

An update from Magna Mining ( ($TSE:NICU) ) is now available. Magna Mining reported a landmark second quarter...

28d ago

Magna Mining Reports High-Grade Levack Drill Hits as It Advances Toward Potential 2026 Restart

The latest update is out from Magna Mining ( ($TSE:NICU) ). Magna Mining reported new high-grade drill results...

5M ago

Magna Mining Files NI 43-101 Technical Report for McCreedy West Mine

Magna Mining ( ($TSE:NICU) ) has shared an announcement. Magna Mining Inc. has filed an independent NI 43-101...

5M ago

Magna Mining Sets Initial McCreedy West Reserves, Backing Three-Year Output Plan

Magna Mining ( ($TSE:NICU) ) has provided an announcement. Magna Mining has reported initial mineral reserves for its...

7M ago

Magna Mining Extends High-Grade Footwall Mineralization at Levack Mine

An update from Magna Mining ( ($TSE:NICU) ) is now available. Magna Mining has reported further high-grade drill...

7M ago

Magna Mining price target lowered to C$6.50 from C$7 at Canaccord

Canaccord analyst Dalton Baretto lowered the firm’s price target on Magna Mining (MGMNF) to C$6.50 from C$7 and...

7M ago

Magna Mining Sets 2026 Output Targets as Sudbury Mine Restart Plans Advance

Magna Mining ( ($TSE:NICU) ) has provided an announcement. Magna Mining has issued its 2026 operational guidance, forecasting...

7M ago

Magna Mining Caps 2025 With Strong Q4 Output and Higher Grades at McCreedy West

The latest announcement is out from Magna Mining ( ($TSE:NICU) ). Magna Mining reported that its McCreedy West...

8M ago

Magna Mining Extends High-Grade Copper and Precious Metal Veins at Levack’s R2 Target

Magna Mining ( ($TSE:NICU) ) has provided an announcement. Magna Mining has reported further high-grade copper and precious...

8M ago

Magna Mining Launches Pre-Feasibility Study for Crean Hill Nickel-Copper-PGM Project

An announcement from Magna Mining ( ($TSE:NICU) ) is now available. Magna Mining has engaged Technica Mining to...

8M ago

Magna Mining files technical report for MRE on Levack Mine property

Magna Mining (MGMNF) announced that further to its news release dated November 18 titled “Magna Mining Reports Mineral...

8M ago

MGMNF FAQ

What was Magna Mining’s price range in the past 12 months?

Magna Mining lowest stock price was $1.35 and its highest was $3.10 in the past 12 months.

What is Magna Mining’s market cap?

Magna Mining’s market cap is $638.80M.

When is Magna Mining’s upcoming earnings report date?

Magna Mining’s upcoming earnings report date is Nov 25, 2026 which is in 76 days.

How were Magna Mining’s earnings last quarter?

Magna Mining released its earnings results on Aug 12, 2026. The company reported -$0.022 earnings per share for the quarter, missing the consensus estimate of $0.007 by -$0.029.

Is Magna Mining overvalued?

According to Wall Street analysts Magna Mining’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Magna Mining pay dividends?

Magna Mining does not currently pay dividends.

What is Magna Mining’s EPS estimate?

Magna Mining’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Magna Mining have?

Magna Mining has 313,221,220 shares outstanding.

What happened to Magna Mining’s price movement after its last earnings report?

Magna Mining reported an EPS of -$0.022 in its last earnings report, missing expectations of $0.007. Following the earnings report the stock price went down -2.191%.

Which hedge fund is a major shareholder of Magna Mining?

Currently, no hedge funds are holding shares in MGMNF

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

Magna Mining Stock Smart Score

Neutral

Technicals

Fundamentals

Return on Equity

―

Trailing 12-Months

Asset Growth

11.20%

Trailing 12-Months

Learn more about TipRanks Smart Score

Top Smart Score Stocks >

Company Description

Magna Mining

Magna Mining, Inc. engages in the acquisition, exploration, and development of mineral properties. Its portfolio includes copper, nickel, and precious metal assets. The company was founded by Jason Jessup in 2016 and is headquartered in Sudbury, Canada.