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29metals Ltd.
(Sydney:29M)
29metals Ltd. (29M) vs. iShares MSCI Australia ETF (EWA)
29metals Ltd. Business Overview & Revenue Model
29metals Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.03M | 551.06M | 449.75M | 714.01M | 600.76M | 434.45M |
| Gross Profit | 43.44M | -11.56M | -99.22M | 186.20M | 134.10M | 107.30M |
| EBITDA | 117.94M | 42.24M | -230.93M | 144.14M | 147.18M | 188.63M |
| Net Income | -33.10M | -177.61M | -440.46M | -47.22M | 121.01M | 0.00 |
Balance Sheet | ||||||
| Total Assets | 988.40M | 1.04B | 981.21M | 1.29B | 1.32B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 187.08M | 266.15M | 174.36M | 184.46M | 210.15M | 150.17M |
| Total Debt | 248.12M | 315.36M | 271.33M | 265.48M | 233.04M | 247.66M |
| Total Liabilities | 532.46M | 618.79M | 558.86M | 577.28M | 545.64M | 539.14M |
| Stockholders Equity | 455.94M | 419.28M | 422.34M | 715.69M | 769.54M | 717.42M |
Cash Flow | ||||||
| Free Cash Flow | 7.52M | -57.06M | -121.47M | 28.57M | -22.52M | 39.99M |
| Operating Cash Flow | 84.35M | 59.24M | -36.52M | 142.18M | 75.10M | 118.97M |
| Investing Cash Flow | -80.91M | -116.30M | -84.94M | -113.61M | -92.55M | -78.89M |
| Financing Cash Flow | 118.19M | 145.59M | 112.74M | -72.40M | 101.88M | -45.71M |
29metals Ltd. Technical Analysis
29metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$480.49M | 1,050.00 | 0.41% | ― | ― | ― | |
53 Neutral | AU$440.57M | -68.56 | -6.04% | ― | ― | -76.36% | |
53 Neutral | AU$903.70M | -400.00 | -1.99% | ― | ― | 42.55% | |
52 Neutral | AU$830.26M | -9.79 | -8.58% | ― | 28.45% | 79.93% | |
51 Neutral | AU$714.32M | -22.81 | -90.88% | ― | ― | ― | |
50 Neutral | AU$577.38M | -12.37 | -150.61% | ― | ― | -186.15% |
29metals Ltd. Corporate Events
29Metals has reported further high-grade copper and zinc intersections from its 2025 drilling program at the Golden Grove mine, with resource extension and conversion drilling at the Gossan Hill deposits—particularly Tryall, Oizon, Hougoumont Extended and Europa—highlighting significant potential to extend mineral resources and mine life. The $11 million program, nearly triple the prior year’s exploration spend, has delivered notable intercepts such as 16.5 metres at 2.1% copper at Tryall, 42.2 metres at 9.5% zinc at Oizon, and 52.6 metres at 3.6% copper at Europa, which the company says could be integrated into nearer-term mine plans to enhance flexibility while positioning Europa as a longer-dated high-grade copper growth option for Golden Grove.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.67 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals will release its December quarter 2025 report on 29 January 2026 and has scheduled a conference call and webcast the same morning, led by CEO James Palmer and the executive leadership team, to discuss the quarterly results. The move underscores the company’s ongoing engagement with investors and analysts, providing a platform for detailed discussion of recent operational performance and outlook, with a recording to be made available on its website later that day for broader stakeholder access.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited has updated its Board Charter following recent changes in its board structure, as announced earlier. This update reflects the company’s commitment to enhancing governance and aligning its operations with shareholder interests, potentially impacting its strategic direction and stakeholder engagement.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited announced a significant change in its Board of Directors, with Nick Cernotta appointed as Deputy Chair and set to become Board Chair following the 2026 AGM. This transition is part of the company’s strategy to leverage Cernotta’s extensive experience in mining operations to advance its growth objectives. Additionally, BUMA, a major shareholder, plans to nominate a second Non-executive Director to the board, reflecting its increased commitment to 29Metals. These changes are expected to strengthen the company’s governance and support its operational and strategic goals.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited has awarded a four-year underground mining contract to Byrnecut Australia Pty Ltd for the Gossan Valley mine at Golden Grove. This contract, valued at $253 million, is expected to enhance operational synergies and production flexibility by sharing resources across the Golden Grove operations. The Gossan Valley project is anticipated to begin ore production by the end of 2026, providing a higher-grade ore source and potentially extending mineral resource estimates.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited has awarded a four-year underground mining contract to Byrnecut Australia Pty Ltd for the Gossan Valley mine at Golden Grove. This decision follows a competitive tender process and is expected to create operational and commercial synergies by allowing the sharing of equipment and personnel across Golden Grove operations. The Gossan Valley project is projected to produce its first ore by the end of 2026, enhancing the Golden Grove life-of-mine plan with higher-grade ore and increased production flexibility.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited announced significant results from its 2025 drilling program at Golden Grove, revealing high-grade copper, zinc, and gold intercepts. These findings suggest the potential for extending the mine life of existing deposits and improving mining economics through shared infrastructure. The results also indicate that the Ozion and Hougoumont Extended areas might form a single large mineralized system, enhancing future mining cost efficiencies. The drilling program, with an increased budget of $10 million to $14 million, underscores the company’s commitment to expanding its resource base and optimizing its mining operations.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29metals Ltd. has announced the quotation of 1,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 3, 2025. These securities are issued under an employee incentive scheme and are not subject to transfer restrictions. This move is part of 29metals Ltd.’s strategic efforts to enhance its market presence and provide value to its stakeholders.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited has announced a change in the director’s interest notice, specifically involving Ashish Gupta, who has increased his indirect interest in the company by acquiring an additional 400,000 fully paid ordinary shares, bringing his total to 950,000 shares. This on-market purchase reflects a significant increase in Gupta’s stake, potentially indicating confidence in the company’s future performance and could influence stakeholder perceptions and market positioning.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited has announced that Tamara Brown has ceased to be a director of the company as of October 24, 2025. The final director’s interest notice reveals that she held 175,704 fully paid ordinary shares. This change in the board may impact the company’s governance and strategic direction, potentially affecting stakeholders and market perceptions.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited has announced the appointment of Nick Cernotta as a director, effective October 24, 2025. The Initial Director’s Interest Notice indicates that Mr. Cernotta currently holds no relevant interests in securities, either as a registered holder or through any contracts, which suggests a neutral impact on the company’s operations and stakeholder interests at this time.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Ltd. has announced changes to its board with the retirement of Ms. Tamara Brown and the appointment of Mr. Nicholas Cernotta as an Independent Non-executive Director. Mr. Cernotta, with over 40 years of experience in the mining sector, brings extensive operational expertise and has held significant roles in various mining companies. His appointment is expected to strengthen the board’s capabilities, particularly in supporting the company’s strategic operations and enhancing shareholder value.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.