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$0.22 - AU$0.62
Previous CloseN/A
Volume4.58M
Average Volume (3M)5.46M
Market Cap
AU$480.51M
Enterprise ValueAU$540.88M
Total Cash (Recent Filing)AU$102.65M
Total Debt (Recent Filing)AU$246.62M
Price to Earnings (P/E)14.5
Beta1.81
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$0.31Price Target Upside34.78% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-0.05
Revenue Forecast (FY)AU$538.18M
Bulls Say, Bears Say
Bulls Say
Asset Portfolio: Producing + Development AssetsOwning a producing mine (Golden Grove) plus a development-stage project (Capricorn Copper) provides a durable production base while preserving growth optionality. This asset mix supports medium-term production continuity and potential volume/grade uplift as Capricorn advances, diversifying revenue sources.
Manageable LeverageA circa 0.62 debt-to-equity ratio suggests moderate leverage relative to peers, providing balance-sheet flexibility to withstand commodity swings and support necessary sustaining or development capex without immediate refinancing pressure. This underpins funding optionality over months.
Return To Positive Net IncomeReturning to positive net income and achieving a modest net margin indicates operational improvement and a baseline for retained earnings. Sustained profitability, even modest, improves ability to fund working capital, reduce dependence on external funding, and incrementally strengthen capital structure over time.
Bears Say
Persistent Negative Free Cash FlowRecurrent negative free cash flow, with a sharp deterioration in 2025, indicates the business is not generating surplus cash after investment. This elevates reliance on external funding or asset sales, constrains reinvestment and dividends, and raises refinancing and liquidity risk if commodity settings worsen.
Negative Operating MarginA negative operating margin means core mining operations are not covering operating costs pre-financing and tax items. This structural pressure makes earnings and cash flows highly sensitive to commodity prices and cost inflation, limiting sustainable free cash generation without further efficiency gains or higher prices.
Earnings VolatilitySignificant swings from deep losses to modest profits produce unpredictable returns on equity and planning uncertainty. Volatility hinders long-range capital allocation, may force precautionary liquidity buffers or costly financing in down cycles, and reduces investor and creditor confidence over time.
29metals Ltd. News
29M FAQ
What was 29metals Ltd.’s price range in the past 12 months?
29metals Ltd. lowest share price was AU$0.21 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$480.51M.
When is 29metals Ltd.’s upcoming earnings report date?
29metals Ltd.’s upcoming earnings report date is Aug 31, 2026 which is in 68 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$0.31 (34.78% Upside)
AU$0.31 (34.78% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 85%
Sector Average ―
Sector Average ―
Insider Transactions
Bought Shares
Worth AU$384.3K 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 is engaged in the exploration, development, and extraction of base and precious metals, with a particular emphasis on copper. The firm actively searches for mineral deposits containing copper, zinc, gold, and silver. Its portfolio of assets includes the Golden Grove property in Western Australia, the Capricorn Copper operation in Queensland, and the Redhill project in southern Chile. Formed in 2021, 29Metals Limited maintains its head office in Melbourne, Australia.
29M Stock 12 Month Forecast
Average Price Target
AU$0.31
▲(34.78% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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