MGX Resources Ltd (MGX)

Currency in AUD
0.365
+0.015(+4.29%)
Closed·
Unusual trading volume
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Fair Value
Day's Range
0.3550.370
52 wk Range
0.3200.495
Key Statistics
Bid/Ask
0.39 / 0.37
Prev. Close
0.35
Open
0.36
Day's Range
0.355-0.37
52 wk Range
0.32-0.495
Volume
1.18M
Average Volume (3m)
575.37K
1-Year Change
2.8169%
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
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ProTips
Not profitable over the last twelve months

MGX Resources Ltd News & Analysis

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Technical Analysis

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

MGX Resources Ltd Earnings Call Summary for H2/2026

  • MGX posted AUD 204M revenue and AUD 29.1M profit before tax (up 44.1% YoY), but reported AUD 30.2M net loss after AUD 58.9M impairments.
  • Koolan Island generated AUD 27.6M operating cash flow despite October 2025 rockfall, fully funding AUD 26.6M rehabilitation spending.
  • Company pivoting to gold via AUD 50M acquisition of 50% stake in Central Tanami Gold Project; development decision expected within years.
  • Planned Crestlink transaction to close by Christmas 2026 will bring AUD 50M+ and eliminate future rehabilitation obligations at Koolan Island.
  • Ended FY2026 with AUD 412.1M cash and investments; no specific FY2027 guidance provided but management cites 'robust financial position.'
Last Updated: 2026-08-20, 10:04 p/m
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Earnings

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

MGX Income Statement

Compare MGX to Peers and Sector

Metrics to compare
MGX
Peers
Sector
Relationship
P/E Ratio
−14.3x3.4x4.5x
PEG Ratio
-0.010.00
Price/Book
-1.0x1.6x
Price / LTM Sales
2.0x3.0x1.3x
Upside (Analyst Target)
-33.7%35.4%
Fair Value Upside
Unlock7.3%1.0%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
373
Market
Australia

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
54.12M4.58%19.75M
Other Institutional Investors
1.00B84.84%365.53M
Public Companies & Retail Investors
124.86M10.58%45.58M
Total
1.18B100.00%430.86M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
APAC Resources Limited38.36%452,767,297165,260
Everbright Pramerica Fund Management Co. Ltd.18.66%220,257,80280,394

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FAQ

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

The MGX Resources stock price today is 0.365 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 430.860M AUD.

When Is the Next MGX Resources Earnings Date?

MGX Resources will release its next earnings report on Oct 16, 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 Buy.

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 Aug 23, 2026, MGX Resources (MGX) is trading at a price of 0.365 AUD, with a previous close of 0.350 AUD. The stock has fluctuated within a day range of 0.355 AUD to 0.370 AUD, while its 52-week range spans from 0.320 AUD to 0.495 AUD.
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