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Magmatic ResourcesASX:MAG 12-1 Month Momentum % is -43.14% as of Aug. 09, 2026. The stock has 1 warning sign investors should review. Among 2,498 Metals & Mining companies, Magmatic Resources ranks worse than 87.95% on this metric.
12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2026-08-09), Magmatic Resources's 12-1 Month Momentum % is -43.14%.
The industry rank for Magmatic Resources's 12-1 Month Momentum % or its related term are showing as below:
ASX:MAG's 12-1 Month Momentum % is ranked worse than 87.95% of 2498
companies
in the Metals & Mining industry
Industry Median: 24.32
vs ASX:MAG: -43.14
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Magmatic Resources 12-1 Month Momentum % Related Terms
ASX:MAG vs NEM, AU: 12-1 Month Momentum % Comparison
For the Gold subindustry, Magmatic Resources's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.
Magmatic Resources 12-1 Month Momentum % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magmatic Resources's 12-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Magmatic Resources's 12-1 Month Momentum % falls into.
* 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.
What does a 12-1 Month Momentum % of -43.14% mean?
Magmatic Resources (ASX:MAG) has a 12-1 Month Momentum % of -43.14% as of Aug. 09, 2026. 12-1 Month Momentum measures the total return of the stock from 12-month ago to 1-month ago. View historical data on Magmatic Resources and its competitors. According to the industry distribution chart, Magmatic Resources ranks #2197 out of 2498 companies in the Metals & Mining industry, placing it in the top 88%.
Is Magmatic Resources' 12-1 Month Momentum % too high?
Magmatic Resources' current 12-1 Month Momentum % is -43.14%. Based on the distribution chart, Magmatic Resources ranks #2197 out of 2498 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Magmatic Resources' 12-1 Month Momentum % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Magmatic Resources ranks #2197 out of 2498 companies for 12-1 Month Momentum %. This places Magmatic Resources in the lower half of its industry. The industry median 12-1 Month Momentum % is 24.32. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 12-1 Month Momentum % for a Metals & Mining company?
The median 12-1 Month Momentum % among Metals & Mining companies is 24.32, based on 2,498 companies in the industry. Companies in the top quartile (top 25%) have a 12-1 Month Momentum % significantly above this median, while those in the bottom quartile fall well below. However, 12-1 Month Momentum % 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 12-1 Month Momentum % mean?
A high 12-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 12-1 Month Momentum measures the total return of the stock from 12-month ago to 1-month ago. View historical data on Magmatic Resources and its competitors. For the Metals & Mining industry, the median 12-1 Month Momentum % is 24.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magmatic Resources's current 12-1 Month Momentum % is -43.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magmatic Resources stock overvalued right now?
Magmatic Resources (ASX:MAG) has a current 12-1 Month Momentum % of -43.14%. The current 12-1 Month Momentum % is -43.14%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 12-1 Month Momentum % calculated?
12-1 Month Momentum % is calculated from a company's financial statements. For Magmatic Resources (ASX:MAG), the current 12-1 Month Momentum % is -43.14% as of Aug. 09, 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.
Magmatic Resources Ltd is an Australian mineral exploration company focused on gold and copper targets in the East Lachlan region of New South Wales and the Northern Goldfields in Western Australia. The company holds a portfolio of projects near mining operations like Cadia Valley and Northparkes. Magmatic aims to make discoveries in these prolific mining belts. It also has a joint venture with Fortescue Metals Group to explore the Myall project. The majority of income generation source is the interest income.
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