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29M Stock Chart & Stats
AU$0.24
AU$0.01(4.17%)
At close: 4:00 PM EDT
AU$0.24
AU$0.01(4.17%)
Day’s Range― - ―
52-Week RangeAU$0.22 - AU$0.62
Previous CloseN/A
Volume2.71M
Average Volume (3M)5.46M
Market Cap
AU$454.30M
Enterprise ValueAU$933.06
Total Cash (Recent Filing)AU$102.65M
Total Debt (Recent Filing)AU$246.62M
Price to Earnings (P/E)14.2
Beta1.93
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$0.29Price Target Upside20.83% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-0.05
Revenue Forecast (FY)AU$538.90M
Bulls Say, Bears Say
Bulls Say
Asset & Business Model Diversification29Metals owns and operates two producing base‑metals mines and sells concentrates to smelters and traders. That integrated mining-to-concentrate model provides diversified commodity exposure (copper, zinc, by-products) and multiple revenue streams that support medium-term operational resilience when plants perform to plan.
Earnings RecoveryThe return to positive net income in 2025 marks a meaningful operating recovery from prior losses. A durable earnings turnaround improves the firm's ability to access capital, reduces immediate refinancing pressure, and gives management more flexibility to prioritize sustaining capex and operational improvements across the asset base.
Manageable LeverageLeverage appears moderate for the sector with a lower debt-to-equity ratio year-over-year and sizable equity relative to assets. This balance-sheet position provides capacity to absorb commodity-driven volatility, fund sustaining investments, and reduces immediate liquidity stress compared with higher-levered peers.
Bears Say
Persistent Negative Free Cash FlowFree cash flow has been repeatedly negative across multiple years with a sharp deterioration in 2025. Persistent negative FCF implies reliance on external financing, asset sales, or other non-operating cash to fund sustaining and growth capital and working capital, increasing liquidity and execution risk during downcycles.
Weak Operating ProfitabilityDespite a positive net result, the company's operating margin was negative in 2025, indicating underlying operations still struggle to generate operating profits. Structural weakness at the operating level undermines sustainable cash conversion and suggests earnings can be fragile when commodity prices or recoveries weaken.
Earnings VolatilityMaterial swings in earnings and ROE over recent years reduce predictability of returns and complicate capital allocation. This volatility can constrain long-term planning, increase the probability of future external funding needs, and raise stakeholder scrutiny if adverse commodity or operational shocks recur.
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$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 26 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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10
Analyst Consensus
Hold
Average Price Target:
AU$0.29 (20.83% Upside)
AU$0.29 (20.83% Upside)
Blogger Sentiment
Bullish
AU:29M Sentiment 81%
Sector Average 69%
Sector Average 69%
Insider Transactions
Bought Shares
Worth AU$301.0K 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
―
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$0.29
▲(20.83% Upside)
Technical Analysis
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