29metals Ltd. (AU:29M)
ASX:29M
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29M Stock Chart & Stats
AU$0.23
>-AU$0.01(-2.17%)
At close: 4:00 PM EST
AU$0.23
>-AU$0.01(-2.17%)
Day’s Range― - ―
52-Week RangeAU$0.18 - AU$0.62
Previous CloseN/A
Volume4.58M
Average Volume (3M)5.46M
Market Cap
AU$489.24M
Enterprise ValueAU$551.32M
Total Cash (Recent Filing)AU$102.65M
Total Debt (Recent Filing)AU$277.59M
Price to Earnings (P/E)17.9
Beta1.84
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$0.30Price Target Upside31.68% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-0.06
Revenue Forecast (FY)AU$517.81M
Bulls Say, Bears Say
Bulls Say
Operating Asset BaseOwning and operating Golden Grove provides a durable production platform and revenue base from copper and base-metal concentrates. Combined with development-stage Capricorn Copper exposure, the company has portfolio optionality to scale production and diversify output over the medium term.
Manageable LeverageLeverage around 0.62 that declined year-over-year implies financial flexibility relative to peers in mining. Manageable debt levels reduce near-term refinancing risk and support funding for sustaining capital and project development without immediate equity dilution if operational cash flow stabilizes.
Earnings RecoveryReturning to positive net income and generating a modest net margin signals improving operational performance and pricing/cost alignment. A sustained earnings recovery can rebuild retained earnings, improve credit metrics, and underpin reinvestment in sustaining and growth projects over the next several quarters.
Bears Say
Persistent Negative Free Cash FlowRepeated negative free cash flow, and a marked deterioration in 2025, indicate the business consumes cash even when net income is positive. This suggests high sustaining or development capex and/or working-capital strain, increasing reliance on external funding or asset sales and weakening cash resilience.
Operating Margin PressureA negative operating margin despite net income means core mining operations struggle to cover operating costs before non-operating items. Structural unit-cost pressure or lower recoveries could persist, limiting free cash generation and leaving profits vulnerable to commodity price or input-cost swings.
Earnings And ROE VolatilityVolatile earnings and erratic ROE reduce predictability of shareholder returns and impair capital planning. In cyclical mining, such swings can force conservative capital allocation, raise funding costs, and limit the company's ability to consistently invest in development projects or return capital to shareholders.
29metals Ltd. News
29M FAQ
What was 29metals Ltd.’s price range in the past 12 months?
29metals Ltd. lowest share price was AU$0.18 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$489.24M.
When is 29metals Ltd.’s upcoming earnings report date?
29metals Ltd.’s upcoming earnings report date is Aug 31, 2026 which is in 89 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
Neutral
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Analyst Consensus
Hold
Average Price Target:
AU$0.30 (31.68% Upside)
AU$0.30 (31.68% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 85%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth AU$521.3K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.75%
12-Months-Change
Fundamentals
Return on Equity
5.36%
Trailing 12-Months
Asset Growth
0.35%
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$0.30
▲(31.68% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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