/MGT.AX
MGT.AX Stock - Magnetite Mines Limited
Basic Materials|Industrial MaterialsASX
$0.05+3.85%
+$0.00 (+3.85%) • Dec 24
57
GoAI Score
GoAI Score
Weighted average: Momentum (25%) + Sentiment (35%) + Risk (20%) + Value (20%). ≥70 = BUY, ≤35 = SELL.HOLD
Medium Confidence
Momentum
Momentum Score
Based on price vs 50-day MA (40%), 200-day MA (40%), and MA crossover (20%). Higher = stronger uptrend.9
Sentiment
Sentiment Score
Based on analyst price target upside. 50 = neutral, 100 = very bullish (25%+ upside expected).70
Risk Score
Risk Score
Based on stock beta (volatility). Higher score = lower risk. Red (<40) = high volatility, Green (>60) = stable.100
Price Target
Price Target
Average analyst price target from the last quarter. Shows expected upside/downside from current price.+10.0%upside
Target: $0.06
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Active Trade Setup
ENTRY ZONE$0.05 – $0.05
TARGET (TP)$0.06
STOP LOSS$0.05
RISK/REWARD1:1.5
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Price Chart
Financial Statements
Revenue & Profitability Trend
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Revenue
Net Income (Profit)
Net Loss
Key Metrics
Market CapN/A
P/E RatioN/A
Beta0.04
52W High$0.29
52W Low$0.05
Avg VolumeN/A
Income Statement (Fiscal Year)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1,223 | $214,494 | $212,587 | $195,444 | N/A |
| Gross Profit | $1,223 | $214,494 | $-43,090 | $88,692 | $-9,185 |
| Gross Margin | 100.0% | 100.0% | -20.3% | 45.4% | N/A |
| Operating Income | $-3,599,628 | $-4,065,000 | $-5,221,360 | $-3,435,000 | $-1,524,000 |
| Net Income | $-4,187,648 | $-4,848,000 | $-5,331,000 | $-3,662,000 | $-1,733,000 |
| Net Margin | -342407.8% | -2260.2% | -2507.7% | -1873.7% | N/A |
| EPS | $-0.04 | $-0.05 | $-0.07 | $-0.06 | $-0.03 |
Company Overview
Magnetite Mines Limited explores for mineral properties in South Australia. Its flagship project is Razorback Iron project that includes the Razorback Ridge, Iron Peak, and Ironback Hill deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is headquartered in Wayville, Australia.
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Earnings History & Surprises
MGT.AXBeat Rate
0%
Last 0 quarters
Avg Surprise
+0%
EPS vs Estimate
Beats / Misses
0/0
Last 12 quarters
Latest EPS
$-0.02
Q1 2025
EPS Surprise History
Q2 21
No data
Q4 21
No data
Q2 22
No data
Q1 23
No data
Q4 23
No data
Q1 24
No data
Q3 24
No data
Q1 25
No data
Beat Estimate
Missed Estimate
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 10, 2026 | — | — | — | — |
Q1 2025 | Mar 12, 2025 | — | $-0.02 | — | — |
Q3 2024 | Sep 30, 2024 | — | $-0.02 | — | — |
Q1 2024 | Mar 8, 2024 | — | $-0.04 | — | — |
Q4 2023 | Oct 30, 2023 | — | $-0.03 | — | — |
Q1 2023 | Mar 9, 2023 | — | $-0.04 | — | — |
Q2 2022 | Jun 30, 2022 | — | $-0.02 | — | — |
Q4 2021 | Dec 31, 2021 | — | $-0.03 | — | — |
Q2 2021 | Jun 30, 2021 | — | $-0.02 | — | — |
Q4 2020 | Dec 31, 2020 | — | $-0.01 | — | — |
Q2 2020 | Jun 30, 2020 | — | $-0.01 | — | — |
Q4 2019 | Dec 31, 2019 | — | $-0.00 | — | — |
Q2 2019 | Jun 30, 2019 | — | $-0.03 | — | — |
Q4 2018 | Dec 31, 2018 | — | $-0.05 | — | — |
Q2 2018 | Jun 30, 2018 | — | $-0.11 | — | — |
Q4 2017 | Dec 31, 2017 | — | $-0.21 | — | — |
Q2 2017 | Jun 30, 2017 | — | $-0.18 | — | — |
Q4 2016 | Dec 31, 2016 | — | $-0.31 | — | — |
Q2 2016 | Jun 30, 2016 | — | $-0.08 | — | — |
Q4 2015 | Dec 31, 2015 | — | $-0.16 | — | — |
Latest News
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Frequently Asked Questions about MGT.AX
What is MGT.AX's current stock price?
Magnetite Mines Limited (MGT.AX) is currently trading at $0.05 per share. The stock has moved +3.85% today.
What is the analyst price target for MGT.AX?
No analyst price targets are currently available for this stock.
What sector is Magnetite Mines Limited in?
Magnetite Mines Limited operates in the Basic Materials sector, specifically within the Industrial Materials industry. The company is traded on the ASX exchange.
What is MGT.AX's market cap?
Magnetite Mines Limited has a market capitalization of $0.01 billion, making it a small-cap company.
Does MGT.AX pay dividends?
No, Magnetite Mines Limited does not currently pay a dividend to shareholders.
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