MGX Resources Ltd (MGX)

Currency in AUD
0.290
+0.005(+1.75%)
Closed·
Earnings results expected today
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Fair Value
Day's Range
0.2900.295
52 wk Range
0.2850.495
Key Statistics
Bid/Ask
0.305 / 0.30
Prev. Close
0.29
Open
0.295
Day's Range
0.29-0.295
52 wk Range
0.285-0.495
Volume
214.45K
Average Volume (3m)
421.42K
1-Year Change
-18.3099%
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Price
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Analysts Sentiment
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Members' Sentiments
Bearish
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ProTips
Suffers from weak gross profit margins

MGX Resources Ltd News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Sell
Technical Indicators
Sell
Moving Averages
Sell

MGX Resources Ltd Earnings Call Summary for Q1/2027

  • MGX ended Q1 2026 with AUD 408.7M cash, no debt, completing strategic pivot from iron ore to gold development as Koolan Island shipped final cargo.
  • Central Tanami Project advanced with AUD 38M decline contract; targeting 400K+ oz resource upgrade and development decision within 12 months.
  • Shares rose 1.69% to $0.30 but remain near 52-week low of $0.29, down 49% YTD amid market skepticism over transition strategy.
  • CEO Kerr emphasized self-funding capability for gold growth, citing strong balance sheet as 'substantial downside protection' for shareholders.
  • Company expects steady newsflow on drilling, metallurgy, and permitting; Crestlink divestment to yield AUD 20-25M while transferring AUD 30M rehab costs.
Last Updated: 10/29/2026, 01:50 PM
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Earnings

Latest Release
Aug 20, 2026
EPS / Forecast
-0.01 / --
Revenue / Forecast
56.86M / --
EPS Revisions
Last 90 days

MGX Income Statement

Compare MGX to Peers and Sector

Metrics to compare
MGX
Peers
Sector
Relationship
P/E Ratio
−11.3x−1.5x3.7x
PEG Ratio
−0.180.000.00
Price/Book
0.8x0.7x1.6x
Price / LTM Sales
1.7x1.2x1.1x
Upside (Analyst Target)
-94.0%54.1%
Fair Value Upside
Unlock20.0%5.9%Unlock

MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in treasury management, mineral resources acquisition, and investment activities. The company was formerly known as Mount Gibson Iron Limited and changed its name to MGX Resources Limited in November 2025. The company was incorporated in 1996 and is based in West Perth, Australia.

Employees
172
Market
Australia

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
61.18M5.18%17.44M
Other Institutional Investors
1.01B85.38%287.25M
Public Companies & Retail Investors
111.36M9.43%31.74M
Total
1.18B100.00%336.42M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
APAC Resources Limited38.36%452,767,297129,039
Everbright Pramerica Fund Management Co. Ltd.18.66%220,257,80262,773

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FAQ

What Is the MGX Resources (MGX) Stock Price Today?

The MGX Resources stock price today is 0.290 AUD.

What Stock Exchange Does MGX Resources Trade On?

MGX Resources is listed and trades on the Sydney Stock Exchange.

What Is the Stock Symbol for MGX Resources?

The stock symbol for MGX Resources is "MGX."

What Is the MGX Resources Market Cap?

As of today, MGX Resources market cap is 342.320M AUD.

What Is MGX Resources's Earnings Per Share (TTM)?

The MGX Resources EPS (TTM) is -0.026.

When Is the Next MGX Resources Earnings Date?

MGX Resources will release its next earnings report on Nov 03, 2026.

From a Technical Analysis Perspective, Is MGX a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has MGX Resources Stock Split?

MGX Resources has split 2 times.

How Many Employees Does MGX Resources Have?

MGX Resources has 172 employees.

What is the current trading status of MGX Resources (MGX)?

As of Nov 03, 2026, MGX Resources (MGX) is trading at a price of 0.290 AUD, with a previous close of 0.290 AUD. The stock has fluctuated within a day range of 0.290 AUD to 0.295 AUD, while its 52-week range spans from 0.285 AUD to 0.495 AUD.
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