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Magnetite Mines Ltd MGT

Morningstar Rating
A$0.37 +0.02 (4.23%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

MGT is trading within a range we consider fairly valued.
Price
A$0.36
Fair Value
A$9.88
Uncertainty
Extreme
1-Star Price
A$9.91
5-Star Price
A$6.32
Economic Moat
Bhg
Capital Allocation
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Trading Information

Previous Close Price
A$0.36
Day Range
A$0.360.37
52-Week Range
A$0.240.58
Bid/Ask
A$0.36 / A$0.37
Market Cap
A$36.42 Mil
Volume/Avg
176,003 / 116,822

Key Statistics

Price/Earnings (Normalized)
Price/Sales
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
0.11%

Company Profile

Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Small Core
Total Number of Employees

Valuation

Metric
MGT
Price/Earnings (Normalized)
Price/Book Value
0.90
Price/Sales
Price/Cash Flow
Price/Earnings
MGT

Financial Strength

Metric
MGT
Quick Ratio
3.84
Current Ratio
3.84
Interest Coverage
Quick Ratio
MGT

Profitability

Metric
MGT
Return on Assets (Normalized)
Return on Equity (Normalized)
Return on Invested Capital (Normalized)
Return on Assets
MGT
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