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29metals Ltd. (AU:29M)
ASX:29M
29M Stock Chart & Stats
AU$0.38
>-AU$0.01(-2.17%)
At close: 4:00 PM EST
AU$0.38
>-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$672.71M
Enterprise ValueAU$701.88M
Total Cash (Recent Filing)AU$102.65M
Total Debt (Recent Filing)AU$277.59M
Price to Earnings (P/E)34.6
Beta1.19
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$0.44Price Target Upside15.79% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$647.22M
Bulls Say, Bears Say
Bulls Say
Product Mix Diversification29Metals sells both copper and zinc concentrates plus payable by-products, giving it multiple metal revenue streams. That structural diversification reduces reliance on a single commodity price and can smooth cashflow volatility across metal cycles, supporting longer-term resilience.
Return To Net ProfitabilityThe reported return to positive net income in 2025 indicates the business can generate accounting profits after prior multi-year losses. Sustained profitability improves internal funding capacity, strengthens stakeholder confidence and enhances the company's ability to invest in sustaining capex or deleverage over time.
Manageable LeverageLeverage at roughly 0.62 and a sizable equity base provide balance-sheet headroom relative to many peers. That structural capacity supports the firm’s ability to withstand commodity-driven earnings swings, access funding if needed, and maintain investment in operations without immediate distress.
Bears Say
Negative Free Cash FlowPersistent negative free cash flow across multiple years and a marked decline in 2025 signal the business is not converting profits into durable cash available for reinvestment or debt reduction. This structural cash shortfall heightens reliance on external funding and constrains strategic optionality.
Operating Margin PressureA negative operating margin in 2025 shows core mining and processing costs outweigh operating revenue before non-operating items. Persistent compression at the operational level undermines sustainable earnings quality and makes returns vulnerable to cost inflation or lower metal prices.
Revenue And Earnings VolatilityInconsistent revenue trends and explicit sensitivity to metal prices and grades mean earnings are materially cyclical. That structural volatility complicates capital allocation, raises forecasting risk, and can pressure margins and liquidity during prolonged commodity downturns.
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$672.71M.
When is 29metals Ltd.’s upcoming earnings report date?
29metals Ltd.’s upcoming earnings report date is Aug 31, 2026 which is in 175 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
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
AU$0.44 (15.79% Upside)
AU$0.44 (15.79% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 94%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth AU$549.2K 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$0.44
▲(15.79% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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