Magnetite Mines Share Price and Company Fundamentals
Last traded: Yesterday at 6:10 AM
Magnetite Mines Limited explores for and develops mineral properties in South Australia. Its flagship project include the Razorback Iron project comprising the Razorback Ridge and Iron Peak prospects located in Adelaide, South Australia, as well as the Ironback Hill deposit situated in 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.
|Primary activities||iron ore exploration|
|Industry / Sector||Other Industrial Metals & Mining / Basic Materials|
|Mailing address||22 Greenhill Road Suite 17 1st Floor Wayville SA 5034 Australia|
|Phone / Fax||61 8 8427 0516 / 61 8 8427 0515|
|Share registry||COMPUTERSHARE INVESTOR SERVICES PTY LIMITED|
|25 Sep 2020||2020 Annual Report|
Magnetite Mines does not pay dividends.
As of May 2021, following are the company executives and directors listed on Magnetite Mines.
|Mr. Peter James Schubert||Interim CEO & Exec. Chairman||118.39k|
|Mr. Frank DeMarte BBus(Acct), FCIS, FGIA, FCSA, FAICD||CFO & Company Sec.||58||98.55k|
|Mr. Mark Richard Eames B.A., MA, MBA||Technical Director & Independent Non-Exec. Director||59||71.42k|
|Mr. Stephen Robert Weir B.E.||Chief Devel. Office|
Profitability and management effectiveness
Return on assets
Return on equity
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Magnetite Mines is 190.34M and its enterprise value is 162.74M. The enterprise value to revenue ratio of MGT is -174.89.
The MGT's stocks Beta value is 4.14 making it 314% more volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Companies similar to Magnetite Mines (MGT)
- Alumina (AWC)
- Brickworks (BKW)
- Boral (BLD)
- Adbri (ABC)
- Bluescope Steel (BSL)
- Amcor Plc (AMC)
- Bhp Group (BHP)
- Fortescue Metals Group (FMG)
- Incitec Pivot (IPL)
- Iluka Resources (ILU)
- Evolution Mining (EVN)
- Fletcher Building (FBU)
- CSR (CSR)
- IGO (IGO)
- Gold Road Resources (GOR)
- Newcrest Mining (NCM)
- Nufarm (NUF)
- Northern Star Resources (NST)
- Orocobre (ORE)
- Orora (ORA)
- Oz Minerals (OZL)
- James Hardie Industries Plc (JHX)
- Lynas Rare Earths (LYC)
- Mineral Resources (MIN)
- Orica (ORI)
- South32 (S32)
- St Barbara (SBM)
- Sims (SGM)
- Resolute Mining (RSG)
- Rio Tinto (RIO)
- Sandfire Resources (SFR)
- Silver Lake Resources (SLR)
- Regis Resources (RRL)
- Perenti Global (PRN)
- Western Areas (WSA)
- Pilbara Minerals (PLS)
Magnetite Mines (ASX:MGT) Frequently Asked Questions
1. What is Magnetite Mines's Stock Symbol?
Magnetite Mines trades on ASX under the ticker symbol "MGT".
2. What is Magnetite Mines's stock price today?
One share of MGT stock can currently be purchased for approximately $0.066.
3. How can I contact Magnetite Mines?
Magnetite Mines's mailing address is 22 Greenhill Road Suite 17 1st Floor Wayville SA 5034 Australia. The company can be reached via phone at 61 8 8427 0516.
4. What is Magnetite Mines's official website?
The official website of Magnetite Mines is http://www.magnetitemines.com.
5. Which share registry manages Magnetite Mines's stock?
Magnetite Mines's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.