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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 551.06M | 453.88M | 714.01M | 593.85M | 434.45M |
| Gross Profit | -11.56M | -94.60M | 186.20M | 229.85M | 107.30M |
| EBITDA | 42.24M | -230.93M | 144.14M | 147.18M | 188.63M |
| Net Income | -177.61M | -440.46M | -47.22M | 121.01M | 0.00 |
Balance Sheet | |||||
| Total Assets | 1.04B | 981.21M | 1.29B | 1.32B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 266.15M | 174.36M | 184.46M | 210.15M | 150.17M |
| Total Debt | 315.36M | 271.33M | 265.48M | 233.04M | 247.66M |
| Total Liabilities | 618.79M | 558.86M | 577.28M | 545.64M | 539.14M |
| Stockholders Equity | 419.28M | 422.34M | 715.69M | 769.54M | 717.42M |
Cash Flow | |||||
| Free Cash Flow | -57.06M | -121.47M | 28.57M | -22.52M | 39.99M |
| Operating Cash Flow | 59.24M | -36.52M | 142.18M | 75.10M | 118.97M |
| Investing Cash Flow | -116.30M | -84.94M | -113.61M | -92.55M | -78.89M |
| Financing Cash Flow | 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 | $10.31B | 6.18 | 0.76% | 2.94% | 3.30% | -36.34% | |
50 Neutral | AU$390.83M | ― | -8.58% | ― | 28.45% | 79.93% | |
45 Neutral | AU$508.09M | ― | -5.89% | ― | ― | 63.46% | |
45 Neutral | AU$398.25M | ― | -6.97% | ― | ― | -70.31% | |
36 Underperform | AU$305.42M | ― | -3.66% | ― | ― | 71.15% | |
32 Underperform | AU$445.52M | ― | -38.25% | ― | ― | 20.80% | |
| ― | AU$330.36M | ― | -63.91% | ― | ― | ― |
29metals Ltd. Corporate Events
29Metals Ltd. has released its June 2025 Quarterly Report, highlighting its ongoing commitment to updating its Mineral Resources and Ore Reserves estimates, with the next update scheduled for March 2026. The company also emphasizes the use of non-IFRS financial metrics to assess business performance, providing additional insights into the underlying performance of its assets.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Ltd. reported a mixed performance for the June 2025 quarter, with improvements in safety metrics and copper production at Golden Grove, but a decline in zinc output. The company has revised its growth capital guidance downwards, reflecting deferred capital expenditures, and has made progress in project approvals at Gossan Valley, which is expected to enhance production flexibility. At Capricorn Copper, the successful conclusion of the wet season has improved operational compliance, and the company is progressing towards a sustainable restart of operations.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 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 it will release its quarterly report for the June 2025 quarter on July 17, 2025. The company’s CEO, James Palmer, along with the executive leadership team, will host a conference call and webcast to discuss the report, highlighting the company’s performance and strategic direction.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 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 Ashish Gupta as a director, effective from June 3, 2025. Gupta holds 550,000 ordinary fully paid shares through BNP Paribas Nominees Pty Ltd, acting as a sub-custodian for DBS Ltd. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, potentially impacting its strategic direction and stakeholder interests.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited, a company in the mining industry, has announced the appointment of Ashish Gupta as a Non-executive Director, representing BUMA. This follows BUMA’s increased stake in 29Metals to 19.9% after a $180 million equity raise. Gupta’s extensive experience in finance and commercial sectors is expected to bring a fresh perspective to the board, potentially strengthening the company’s strategic direction and stakeholder confidence.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Ltd. announced the issuance of 20,089,044 performance rights as part of an employee incentive scheme. These securities are unquoted and not intended for trading on the ASX, reflecting the company’s strategy to motivate and retain its workforce, potentially impacting its operational efficiency and stakeholder engagement.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited successfully held its 2025 Annual General Meeting, where all four resolutions presented were passed with overwhelming support, each receiving over 98% votes in favor. This outcome demonstrates strong shareholder confidence and support for the company’s strategic direction and governance, potentially strengthening its position in the mining industry.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
29Metals Limited held its 2025 Annual General Meeting, highlighting a year of significant achievements and strategic initiatives. The company reported productivity gains and cost management improvements at Golden Grove, alongside progress in water management at Capricorn Copper. Financially, 29Metals strengthened its position through debt refinancing and a capital raise, funding the development of the Gossan Valley project. The appointment of a new CEO, James Palmer, marks a pivotal moment for the company’s future direction.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.49 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 change in the director’s interest, with Tamara Brown acquiring 68,792 ordinary fully paid shares through the Non-executive Director Salary Sacrifice Share Plan. This acquisition, approved at the 2022 Annual General Meeting, increases her total holdings to 175,704 shares, reflecting a strategic alignment with the company’s governance and compensation policies.
29Metals Limited has announced a change in the director’s interest notice involving Jacqui McGill AO, who has acquired 125,078 ordinary fully paid shares under the Non-executive Director Salary Sacrifice Share Plan. This acquisition, approved by shareholders at the 2022 Annual General Meeting, increases McGill’s total holdings to 327,012 shares, reflecting her growing stake and commitment to the company.
29Metals Limited has announced a change in the director’s interest notice involving Fiona Robertson AM. The change involves the acquisition of 125,078 ordinary fully paid shares under the Non-executive Director Salary Sacrifice Share Plan, which was approved by shareholders at the 2022 Annual General Meeting. This update reflects an increase in Ms. Robertson’s direct shareholding in the company, potentially indicating a stronger alignment of interests between the director and the company’s future performance.
29Metals Ltd. announced the quotation of 444,026 ordinary fully paid securities on the Australian Securities Exchange (ASX), issued under an employee incentive scheme. This move is part of the company’s strategy to enhance its market presence and incentivize its workforce, potentially impacting its operational dynamics and stakeholder interests positively.