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Magna Mining (MGMNF) Stock Price & Analysis

MGMNF Stock Chart & Stats

$1.38-$0.08(-5.48%)
At close: 4:00 PM EDT
$1.5$1.75$23 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$1.36 - $1.49
52-Week Range
$1.31 - $3.10
Previous Close
$1.46
Volume
34.95K
Average Volume (3M)
126.83K
Market Cap
$430.34M
Enterprise Value
$500.58M
Total Cash (Recent Filing)
$35.77M
Total Debt (Recent Filing)
$16.28M
Price to Earnings (P/E)
―
Beta
1.62
Next Earnings
Nov 25, 2026 (Est.)
EPS Estimate
-0.01
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Revenue Growth

The recent revenue ramp indicates that Magna is achieving greater operating scale after minimal or zero revenue in earlier periods. If sustained, this expansion could improve the company’s ability to advance projects and build a more meaningful commercial base over the next several quarters.

Manageable Leverage

Low leverage reduces near-term balance-sheet pressure and leaves the company less exposed to interest costs or debt-service constraints than a highly indebted developer. This provides some financial flexibility while Magna works to advance its mineral assets and address ongoing operating losses.

Multiple Asset Monetization Paths

Magna’s exploration-and-development model provides several potential routes to monetize mineral rights, including eventual production or transactions with project partners. This asset optionality can support value creation even before commercial mining revenue is established, subject to successful project advancement.

Bears Say

Severe Unprofitability

Negative gross profit and substantial operating and net losses show that the current revenue base does not yet support the cost structure. Persistent unprofitability limits internally generated funding, weakens earnings quality, and leaves future performance dependent on improved margins or additional capital.

Sustained Cash Burn

Deeply negative operating and free cash flow indicate that Magna is consuming cash despite its recent revenue growth. Continued burn may require recurring financing or other funding measures, reducing financial flexibility and potentially diverting resources from exploration and project development.

Eroding Equity Base

Declining equity and deeply negative returns show that losses are reducing the capital base available to support Magna’s projects. If this trend continues, the company may face greater pressure to raise capital on unfavorable terms and may have less capacity to absorb development setbacks.

Magna Mining News

MGMNF FAQ

What was Magna Mining’s price range in the past 12 months?
Magna Mining lowest stock price was $1.31 and its highest was $3.10 in the past 12 months.
What is Magna Mining’s market cap?
Magna Mining’s market cap is $430.34M.
When is Magna Mining’s upcoming earnings report date?
Magna Mining’s next earnings report is estimated for Apr 20, 2026 (not yet confirmed), which is 196 days ago.
How were Magna Mining’s earnings last quarter?
Magna Mining released its earnings results on Aug 12, 2026. The company reported -$0.021 earnings per share for the quarter, missing the consensus estimate of $0.007 by -$0.029.
Is Magna Mining overvalued?
Not enough analysts have published a price target to calculate whether the price is overvalued.
Does Magna Mining pay dividends?
Magna Mining does not currently pay dividends.
What is Magna Mining’s EPS estimate?
Magna Mining’s EPS estimate is 0.01.
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 -$0.021 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