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Magnetite Mines (ASX:MGT) Growth Rank : 0 (As of Jun. 01, 2024)


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What is Magnetite Mines Growth Rank?

Magnetite Mines has the Growth Rank of 0.

GuruFocus Growth Rank measures the growth of a company in terms of its revenue and profitability. Historically, the companies with the highest growth ranks performed the best over the long term. It is calculated using the following criteria:

1. 5-year revenue growth rate, the higher, the better.
2. 3-year revenue growth rate, the higher, the better.
3. 5-year EBITDA growth rate, the higher, the better.
4. The predictability of 5-year revenue. The most consistent it is, the higher the rank.

GuruFocus found that the Growth Rank is the second of the two most-sensitive parameters among the five parameters checked. Please click GF Score to see more details on GF Score's 5 Key Aspects of Analysis.

Please note that we are using the five-year EBITDA growth rate as a parameter, so the company needs to have had positive growth over that time. The reason we use EBITDA instead of earnings per share is that with EBITDA, we can rank a lot more companies since a company may have positive EBITDA but negative EPS. Since we are looking at the growth here, EBITDA gives us a pretty clear picture about the growth in the company's business operations.

Magnetite Mines Growth Rank Related Terms

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Magnetite Mines (ASX:MGT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnetite Mines Ltd (ASX:MGT) » Definitions » Growth Rank
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Traded in Other Exchanges
N/A
Address
30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000
Website
https://www.magnetitemines.com
Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.

Magnetite Mines (ASX:MGT) Headlines

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