Magnetite Mines Limited

Magnetite Mines Limitedverified

MGT.AX

Price:

$0.056

Market Cap:

$7.32M

Magnetite Mines Limited explores for mineral properties in South Australia. Its flagship project is Razorback Iron project that includes the Razorback Ridge, Iron Peak, and Ironback Hill deposits located in Adelaide, 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.

Industry

Industrial Materials

IPO Date

2006-04-05

Stock Exchange

ASX

Ticker

MGT.AX

The ROE as of December 2025 (TTM) for Magnetite Mines Limited (MGT.AX) is -11.17%

According to Magnetite Mines Limited’s latest financial reports and current stock price. The company's current ROE is -11.17%. This represents a change of 86.77% compared to the average of -5.98% of the last 4 quarters.

Magnetite Mines Limited (MGT.AX) Historical ROE (quarterly & annually)

How has MGT.AX ROE performed in the past?

The mean historical ROE of Magnetite Mines Limited over the last ten years is -20.77%. The current -11.17% ROE has changed -46.23% with respect to the historical average. Over the past ten years (40 quarters), MGT.AX's ROE was at its highest in in the December 2013 quarter at 5.35%. The ROE was at its lowest in in the December 2014 quarter at -208.43%.

Quarterly (TTM)
Annual

Average

-20.77%

Median

-14.13%

Minimum

-55.67%

Maximum

-4.60%

Magnetite Mines Limited (MGT.AX) ROE by Quarter and Year

Discovering the peaks and valleys of Magnetite Mines Limited ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 112.40%

Maximum Annual ROE = -4.60%

Minimum Annual Increase = -93.65%

Minimum Annual ROE = -55.67%

Quarterly (TTM)
Annual
YearROEChange
2025-11.32%-13.96%
2024-13.16%-12.85%
2023-15.10%62.23%
2022-9.31%44.42%
2021-6.44%40.24%
2020-4.60%-77.22%
2019-20.17%-55.93%
2018-45.76%-17.81%
2017-55.67%112.40%
2016-26.21%-93.65%

Magnetite Mines Limited (MGT.AX) Average ROE

How has MGT.AX ROE performed in the past?

The current ROE of Magnetite Mines Limited (MGT.AX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-13.19%

5-year avg

-11.07%

10-year avg

-20.77%

Magnetite Mines Limited (MGT.AX) ROE vs. Peers

How is MGT.AX’s ROE compared to its peers?

Magnetite Mines Limited’s ROE is greater than Olympio Metals Limited (-274.67%), greater than Juno Minerals Limited (-4.77%), greater than Heavy Rare Earths Limited (-147.45%), greater than Patriot Resources Limited (-133.69%), greater than Western Yilgarn NL (-38.77%), greater than Carbine Resources Limited (-8.33%), greater than Yari Minerals Limited (-216.58%), less than Cosmo Metals Limited (-0.03%), greater than GreenTech Metals Limited (-79.85%), less than Greenwing Resources Ltd (8.10%),

Build a custom stock screener for Magnetite Mines Limited (MGT.AX) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Magnetite Mines Limited using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Magnetite Mines Limited (MGT.AX) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Magnetite Mines Limited or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the ROE?

How can you use the ROE?

What is Magnetite Mines Limited's ROE?

How is the ROE calculated for Magnetite Mines Limited (MGT.AX)?

What is the highest ROE for Magnetite Mines Limited (MGT.AX)?

What is the 3-year average ROE for Magnetite Mines Limited (MGT.AX)?

What is the 5-year average ROE for Magnetite Mines Limited (MGT.AX)?

How does the current ROE for Magnetite Mines Limited (MGT.AX) compare to its historical average?