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$0.10 - AU$0.62
Previous CloseN/A
Volume4.58M
Average Volume (3M)5.46M
Market Cap
AU$393.14M
Enterprise ValueAU$482.89M
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
-0.04Next 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$0.34Price Target Upside48.45% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$557.31M
Bulls Say, Bears Say
Bulls Say
Diversified Base-metal OperationsOwning two operating mines producing both copper and zinc concentrates provides structural production diversification across commodities and jurisdictions. This reduces single-asset risk, smooths concentrate volumes over the medium term and supports revenue mix resilience versus a single-mine producer.
Manageable LeverageA moderate debt-to-equity ratio (~0.62) and sizable equity relative to assets suggest the company has room to absorb cyclical shocks and access capital if needed. This relative balance-sheet strength supports refinancing flexibility and funds near-term operations without immediate distress.
Return To Net ProfitabilityReaching positive net income and a modest net margin in 2025 indicates operational and pricing conditions improved enough to generate accounting profits. Sustained profitability, if maintained, will aid cash generation, reduce funding pressure and improve stakeholder confidence over the medium term.
Bears Say
Weak Free-cash-flow GenerationPersistent negative free cash flow across multiple years and a sharp 2025 deterioration point to structural cash conversion issues. This elevates reliance on external funding, constrains self-funded capex or exploration, and increases liquidity and refinancing risk during commodity downturns.
Operating Margin PressureA negative operating margin means core mining and processing activities are loss-making before financing and tax, signalling cost structure or recovery challenges. Over the medium term this undermines sustainable earnings, requiring cost reduction or higher realized commodity prices to restore durable operating profitability.
Earnings VolatilityLarge swings from deep losses to modest profits create unpredictable returns on equity and complicate planning. Persistent volatility can impair investor access to capital, raise cost of funding, and expose the balance sheet to stress if cyclical headwinds re-emerge, reducing strategic optionality.
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$393.14M.
When is 29metals Ltd.’s upcoming earnings report date?
29metals Ltd.’s upcoming earnings report date is Aug 31, 2026 which is in 131 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 -0.04.
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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10
Analyst Consensus
Hold
Average Price Target:
AU$0.34 (48.45% Upside)
AU$0.34 (48.45% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 87%
Sector Average 75%
Sector Average 75%
Insider Transactions
Bought Shares
Worth AU$719.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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$0.34
▲(48.45% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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