29metals Ltd. (AU:29M)
ASX:29M
29M Stock Chart & Stats
AU$0.39
>-AU$0.01(-2.17%)
At close: 4:00 PM EST
AU$0.39
>-AU$0.01(-2.17%)
Day’s Range― - ―
52-Week RangeAU$0.10 - AU$0.62
Previous CloseN/A
Volume4.58M
Average Volume (3M)5.46M
Market Cap
AU$681.44M
Enterprise ValueAU$708.72M
Total Cash (Recent Filing)AU$102.65M
Total Debt (Recent Filing)AU$277.59M
Price to Earnings (P/E)34.6
Beta1.98
Next Earnings
Aug 31, 2026EPS Estimate
0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,747,291,700
10 Day Avg. Volume5,829,901
30 Day Avg. Volume5,462,630
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)1.88
Price to Sales (P/S)1.48
P/FCF Ratio-11.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.46Price Target Upside17.95% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$648.19M
Bulls Say, Bears Say
Bulls Say
Diversified Base-metal Production29Metals operates both copper and zinc concentrate production with payable by-products, creating multiple revenue streams. That product diversification reduces exposure to a single metal's cycle, smooths concentrate sales to third-party customers, and supports more resilient cash generation across commodity swings.
Manageable LeverageReported debt-to-equity around 0.62 (down from 2024) and sizable equity relative to assets indicate leverage that is manageable for the sector. This balance-sheet posture supports financial flexibility to fund operations or capital spend and reduces near-term refinancing strain during commodity cycles.
Return To ProfitabilityAfter heavy losses in 2023–24, 29Metals achieved positive net income in 2025 with a modest net margin. This earnings recovery demonstrates operational improvement and creates scope to rebuild retained earnings, modestly strengthen equity and reduce vulnerability to future downturns if the improvement persists.
Bears Say
Negative Free Cash FlowPersistent negative free cash flow across multiple years, with a sharp deterioration in 2025, signals the company is not consistently self-funding its sustaining and investment needs. That increases reliance on external financing, constrains reinvestment and exploration plans, and raises liquidity risk during prolonged commodity weakness.
Pressured Operating MarginsDespite a positive net result, operating margins remained negative in 2025, indicating core operations are not yet reliably profitable. Weak operating margins limit the company's ability to convert revenue into durable earnings and free cash, leaving profitability highly sensitive to input costs and concentrate treatment terms.
Earnings Volatility And ROE SwingsLarge swings from deep losses to modest profitability have produced volatile returns on equity. This earnings volatility complicates long-term planning, can raise the cost of capital, and may constrain strategic investment or growth initiatives if the company cannot demonstrate consistent, sustainable earnings.
29metals Ltd. News
29M FAQ
What was 29metals Ltd.’s price range in the past 12 months?
29metals Ltd. lowest share price was AU$0.10 and its highest was AU$0.62 in the past 12 months.
What is 29metals Ltd.’s market cap?
29metals Ltd.’s market cap is AU$681.44M.
When is 29metals Ltd.’s upcoming earnings report date?
29metals Ltd.’s upcoming earnings report date is Aug 31, 2026 which is in 142 days.
How were 29metals Ltd.’s earnings last quarter?
29metals Ltd. released its earnings results on Feb 25, 2026. The company reported -AU$0.02 earnings per share for the quarter, beating the consensus estimate of -AU$0.022 by AU$0.002.
Is 29metals Ltd. overvalued?
According to Wall Street analysts 29metals Ltd.’s price is currently Undervalued.
Does 29metals Ltd. pay dividends?
29metals Ltd. pays a Notavailable dividend of AU$0.017 which represents an annual dividend yield of N/A. See more information on 29metals Ltd. dividends here
What is 29metals Ltd.’s EPS estimate?
29metals Ltd.’s EPS estimate is 0.01.
How many shares outstanding does 29metals Ltd. have?
29metals Ltd. has 1,747,291,700 shares outstanding.
What happened to 29metals Ltd.’s price movement after its last earnings report?
29metals Ltd. reported an EPS of -AU$0.02 in its last earnings report, beating expectations of -AU$0.022. Following the earnings report the stock price went down -1.19%.
Which hedge fund is a major shareholder of 29metals Ltd.?
Currently, no hedge funds are holding shares in AU:29M
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
29metals Ltd. Stock Smart Score
Outperform
1
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5
6
7
8
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10
Analyst Consensus
Hold
Average Price Target:
AU$0.46 (17.95% Upside)
AU$0.46 (17.95% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 93%
Sector Average 68%
Sector Average 68%
Insider Transactions
Bought Shares
Worth AU$719.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.75%
12-Months-Change
Fundamentals
Return on Equity
-8.58%
Trailing 12-Months
Asset Growth
11.23%
Trailing 12-Months
Company Description
29metals Ltd.
29Metals Limited explores, develops, and produces copper focused base and precious metals. The company explores for copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove property located in Western Australia; the Capricorn Copper property situated in Queensland; and the Redhill project located in southern Chile. The company was incorporated in 2021 and is headquartered in Melbourne, Australia.
29M Stock 12 Month Forecast
Average Price Target
AU$0.46
▲(17.95% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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