ASX:29MMetals and Mining
Assessing 29Metals (ASX:29M) Valuation After Jefferies Downgrade And Operational Setbacks
Jefferies’ downgrade of 29Metals (ASX:29M) to Underperform after a strong share price rally, tied to an 86% zinc production shortfall from seismic issues at the Xantho Extended mine, has sharpened investor focus on operational risk.
See our latest analysis for 29Metals.
The recent downgrade comes after a strong run, with a 30 day share price return of 43.82% and a 1 year total shareholder return of 197.67%, while the 3 year total shareholder return is 65.81% lower. This suggests that shorter...