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29Metals Director Ashish Gupta Lifts Indirect Shareholding via On-Market Buys

Story Highlights
  • 29Metals director Ashish Gupta boosted his indirect stake to 1.64 million shares through recent on-market purchases.
  • His acquisition of 163,746 shares at $0.32–$0.35, with no disposals, may signal confidence in 29Metals’ outlook to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
29Metals Director Ashish Gupta Lifts Indirect Shareholding via On-Market Buys

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from 29metals Ltd. ( (AU:29M) ).

29Metals director Ashish Gupta has increased his indirect shareholding in the company through on-market purchases executed via BNP Paribas Nominees Pty Ltd, with DBS Ltd acting as sub-custodian. Following these transactions on 16 and 20 March 2026, his beneficial interest rose from 1,473,809 to 1,637,555 fully paid ordinary shares.

The additional 163,746 shares were acquired in two tranches at prices of $0.35 and $0.32 per share, and there were no disposals or changes in any related contracts. The trades were conducted outside a closed period, indicating routine portfolio adjustment by a board member rather than a compliance-driven transaction, and may be interpreted by investors as a signal of director confidence in the company’s prospects.

The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.

More about 29metals Ltd.

29Metals Limited is an Australian resources company focused on the exploration and production of base metals, primarily through its portfolio of mining assets. The company’s listed securities trade on the ASX, and its capital structure includes fully paid ordinary shares held by institutional, nominee, and individual investors, including directors.

Average Trading Volume: 9,377,812

Technical Sentiment Signal: Sell

Current Market Cap: A$594.1M

Learn more about 29M stock on TipRanks’ Stock Analysis page.

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