MGX Resources Ltd (MGX)

Currency in AUD
0.435
-0.005(-1.14%)
Closed·
Earnings results expected in 3 days
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Fair Value
Day's Range
0.4350.445
52 wk Range
0.2550.495
Key Statistics
Bid/Ask
0.44 / 0.445
Prev. Close
0.435
Open
0.445
Day's Range
0.435-0.445
52 wk Range
0.255-0.495
Volume
815.21K
Average Volume (3m)
835.67K
1-Year Change
42.623%
Fair Value
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Fair Value Upside
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MGX Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Analysts Sentiment
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Members' Sentiments
Bearish
Bullish
ProTips
Holds more cash than debt on its balance sheet

MGX Resources Ltd News & Analysis

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Technical Analysis

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

MGX Resources Ltd Company Profile

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 the 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
373
Market
Australia

MGX Resources Ltd Earnings Call Summary for Q2/2026

  • MGX Resources reported AUD 71 million in sales revenue and AUD 15 million in free cash flow for Q2 2026, with total cash and investments reaching AUD 497 million.
  • The company is strategically diversifying beyond iron ore by acquiring a 50% interest in the Central Tanami Gold Project to include precious and base metals in its portfolio.
  • A rockfall at Koolan Island led to suspended mining operations, workforce reductions, and an anticipated non-cash accounting impairment of AUD 55-65 million.
  • Despite operational challenges, MGX's stock price increased by 7.22% to AUD 0.45, with plans to process approximately 1 million tons of low-grade stockpile material.
Last Updated: 2026-01-22, 11:22 p/m
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Compare MGX to Peers and Sector

Metrics to compare
MGX
Peers
Sector
Relationship
P/E Ratio
−6.2x7.0x1.7x
PEG Ratio
0.00−0.010.00
Price/Book
1.1x1.9x1.6x
Price / LTM Sales
1.6x2.3x1.4x
Upside (Analyst Target)
-11.5%17.3%
Fair Value Upside
Unlock−1.0%−2.8%Unlock
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate

Earnings

Latest Release
Nov 28, 2025
EPS / Forecast
-- / --
Revenue / Forecast
-- / --
EPS Revisions
Last 90 days

MGX Income Statement

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FAQ

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

The MGX Resources stock price today is 0.435

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 513.490M.

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

The MGX Resources EPS (TTM) is -0.069.

When Is the Next MGX Resources Earnings Date?

MGX Resources will release its next earnings report on Feb 19, 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 373 employees.

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

As of Feb 16, 2026, MGX Resources (MGX) is trading at a price of 0.435, with a previous close of 0.435. The stock has fluctuated within a day range of 0.435 to 0.445, while its 52-week range spans from 0.255 to 0.495.
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