MetalsGrove Mining (ASX:MGA) Beta: -0.3753 (As of Jun. 26, 2026)


What is MetalsGrove Mining Beta?

MetalsGrove Mining ASX:MGA Beta is -0.3753 as of Jun. 26, 2026. The stock has 2 warning signs investors should review.

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), MetalsGrove Mining's Beta is -0.3753.

MetalsGrove Mining  (ASX:MGA) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

MetalsGrove Mining Beta Related Terms

MetalsGrove Mining Beta Historical Data

* Premium members only.

The historical data trend for MetalsGrove Mining's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MetalsGrove Mining Beta Chart

MetalsGrove Mining Annual Data
Trend Jun23 Jun24 Jun25
Beta
0.00 0.00 -2.03

MetalsGrove Mining Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial 0.00 0.00 0.00 -2.03 -1.26

MetalsGrove Mining Beta Competitor Comparison

For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MetalsGrove Mining Beta vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MetalsGrove Mining's Beta distribution charts can be found below:

* The bar in red indicates where MetalsGrove Mining's Beta falls into.


MetalsGrove Mining Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Frequently Asked Questions Learn more about Beta →
What does a Beta of -0.3753 mean?
MetalsGrove Mining (ASX:MGA) has a Beta of -0.3753 as of Jun. 26, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for MetalsGrove Mining and its competitors.
Is MetalsGrove Mining's Beta too high?
MetalsGrove Mining's current Beta is -0.3753.
How does MetalsGrove Mining's Beta compare to competitors?
MetalsGrove Mining's Beta of -0.3753 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Metals & Mining company?
A good Beta depends on the Metals & Mining industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for MetalsGrove Mining and its competitors. MetalsGrove Mining's current Beta is -0.3753. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MetalsGrove Mining stock overvalued right now?
MetalsGrove Mining (ASX:MGA) has a current Beta of -0.3753. The current Beta is -0.3753. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For MetalsGrove Mining (ASX:MGA), the current Beta is -0.3753 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MetalsGrove Mining Business Description

Address 389 Oxford Street, Level 2, Mount Hawthorn, Perth, WA, AUS, 6016
MetalsGrove Mining Ltd is an Australian-based minerals exploration company. It is focused on advancing existing copper and gold projects in the Northern Territory and Western Australia, alongside expanding into Cote d'Ivoire, West Africa, through a gold-focused joint venture. The company's project portfolio comprises the Bruce Gold-Copper Prospect, the Edwards Creek Copper-Zinc Prospect, and the Leake Prospect. Additionally, it holds exploration permits for the Vavoua, Vavoua West, and Kounahiri West tenements in West Africa, located near properties with gold anomalies. The company is organised into one reportable operating segment, which is exploration.