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$0.12 - AU$0.62
Previous CloseN/A
Volume4.58M
Average Volume (3M)5.46M
Market Cap
AU$454.30M
Enterprise ValueAU$526.69M
Total Cash (Recent Filing)AU$102.65M
Total Debt (Recent Filing)AU$277.59M
Price to Earnings (P/E)―
Beta1.84
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$0.30Price 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
Return To Positive Net IncomeRe-establishing net profitability in 2025 signals the business can generate accounting earnings after prior losses. This strengthens long-term viability by improving retained earnings, easing refinancing risk and providing a foundation for reinvestment or deleveraging if commodity conditions remain supportive.
Owned Operating Asset Plus Project PipelineControlling Golden Grove provides steady production and operational control, while Capricorn Copper adds development optionality. This asset base gives durable exposure to copper, allows staged capital deployment and creates long-term upside if development succeeds and commodity cycles recover.
Manageable Balance-sheet LeverageModerate leverage relative to equity reduces risk of covenant stress and supports funding flexibility across cycles. A lower debt-to-equity ratio improves ability to absorb commodity downturns, finance development projects selectively and maintain operations without immediate reliance on dilutive capital.
Bears Say
Persistent Negative Free Cash FlowChronic negative free cash flow indicates that operating cash generation is not covering sustaining and development spending. Over months to years this elevates reliance on external financing or asset sales, constraining capital allocation, increasing funding cost exposure and limiting shareholder returns.
Negative Operating MarginA negative operating margin shows core operations are not covering operating costs before financing and tax. Sustained negative margins erode resilience to commodity price shocks, limit ability to convert revenue into cash and make profitable scaling and project funding more difficult long term.
Revenue And Earnings VolatilityMaterial swings in revenue and earnings reflect sensitivity to commodity prices, grades and costs. This volatility complicates planning, increases forecasting risk for investment decisions, and can pressure liquidity and credit metrics during downcycles, hampering sustained growth.
29metals Ltd. News
29M FAQ
What was 29metals Ltd.’s price range in the past 12 months?
29metals Ltd. lowest share price was AU$0.12 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$454.30M.
When is 29metals Ltd.’s upcoming earnings report date?
29metals Ltd.’s upcoming earnings report date is Aug 31, 2026 which is in 110 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
Outperform
1
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
AU$0.30 (31.68% Upside)
AU$0.30 (31.68% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 88%
Sector Average 75%
Sector Average 75%
Insider Transactions
Bought Shares
Worth AU$734.2K 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$0.30
▲(31.68% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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