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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 | EBIT |
| -146.79M | -353.06M | -46.97M | 46.88M | 98.62M | EBITDA |
| 42.24M | -230.93M | 144.14M | 147.18M | 188.63M | Net Income Common Stockholders |
| -177.61M | -440.46M | -47.22M | 121.01M | 0.00 |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 266.15M | 174.36M | 184.46M | 210.15M | 150.17M | Total Assets |
| 1.04B | 981.21M | 1.29B | 1.32B | 1.26B | Total Debt |
| 315.36M | 271.33M | 265.48M | 233.04M | 247.66M | Net Debt |
| 63.01M | 109.47M | 93.51M | 35.57M | 97.49M | 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $5.35B | 40.34 | 5.11% | ― | 42.05% | ― | |
64 Neutral | AU$3.23B | 1,418.92 | -36.53% | 12.21% | -28.50% | -532.61% | |
53 Neutral | AU$315.41M | ― | -42.21% | ― | 24.16% | 68.69% | |
51 Neutral | $1.21B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% |
29metals Ltd. Corporate Events
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.
29Metals Limited has released its March 2025 Quarterly Report, providing updates on its Mineral Resources and Ore Reserves estimates, which remain unchanged since the last announcement. The company emphasizes the use of non-IFRS financial metrics to assess business performance, offering additional insights into its operations. The report highlights the company’s commitment to transparency and the provision of detailed financial information, although readers are cautioned about the limitations of forward-looking statements and non-IFRS metrics.
29Metals Limited reported its March 2025 quarterly results, highlighting a significant reduction in C1 costs at Golden Grove, emphasizing the asset’s quality and ongoing infrastructure investments. The company achieved zero recordable or lost time injuries, indicating a strong safety performance. At Capricorn Copper, progress was made in water management, improving the asset’s compliance footing and advancing towards a sustainable restart of operations. Financially, the company completed senior debt refinancing and maintained its guidance, despite a decrease in available liquidity.
29Metals Limited announced a resolution to its insurance claim related to the extreme weather event at Capricorn Copper in March 2023. The company has reached an in-principle agreement with insurers for a settlement of $115 million, resulting in a final payment of $54 million. This settlement enhances the company’s liquidity and flexibility, supporting strategic objectives like the Gossan Valley project at Golden Grove and the potential restart of operations at Capricorn Copper.
29Metals Limited has announced its 2025 Annual General Meeting (AGM) scheduled for May 23, 2025, which will be conducted as a hybrid meeting allowing shareholders to participate either in person or virtually. This approach aims to enhance shareholder engagement and accessibility, reflecting the company’s commitment to transparency and stakeholder involvement.
29Metals Limited has released its 2024 Corporate Governance Statement and Appendix 4G, indicating a commitment to transparency and regulatory compliance. This release is part of the company’s strategic efforts to ensure robust governance practices, potentially enhancing its reputation and trust among stakeholders.
29Metals Limited has released its 2024 Annual Report, which includes the 2024 Sustainability & ESG Report. The availability of these reports highlights the company’s commitment to transparency and sustainability, providing stakeholders with insights into its operational and environmental strategies.
29Metals Limited announced it will release its quarterly report for the March 2025 quarter on April 29, 2025. The report will be discussed in a conference call and webcast hosted by CEO James Palmer and the executive team, highlighting the company’s operational and financial performance for stakeholders.