29M Stock Overview
Explores, develops, and produces copper focused base and precious metals. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
29Metals Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.24 |
| 52 Week High | AU$0.80 |
| 52 Week Low | AU$0.18 |
| Beta | 0.85 |
| 1 Month Change | -34.25% |
| 3 Month Change | -52.48% |
| 1 Year Change | -62.79% |
| 3 Year Change | -92.18% |
| 5 Year Change | n/a |
| Change since IPO | -88.24% |
Recent News & Updates
Recent updates
Is 29Metals (ASX:29M) Using Debt In A Risky Way?
Oct 23
There Is A Reason 29Metals Limited's (ASX:29M) Price Is Undemanding
Jul 1929Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet
Feb 2729Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Feb 26An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
May 12Shareholder Returns
| 29M | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 0% | 1.2% | 2.4% |
| 1Y | -62.8% | -19.8% | 7.7% |
Return vs Industry: 29M underperformed the Australian Metals and Mining industry which returned -19.8% over the past year.
Return vs Market: 29M underperformed the Australian Market which returned 7.7% over the past year.
Price Volatility
| 29M volatility | |
|---|---|
| 29M Average Weekly Movement | 13.5% |
| Metals and Mining Industry Average Movement | 10.6% |
| Market Average Movement | 8.0% |
| 10% most volatile stocks in AU Market | 17.0% |
| 10% least volatile stocks in AU Market | 3.0% |
Stable Share Price: 29M's share price has been volatile over the past 3 months compared to the Australian market.
Volatility Over Time: 29M's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2021 | n/a | James Palmer | www.29metals.com |
29Metals Limited explores, develops, and produces copper focused base and precious metals. The company explores for copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove property located in Western Australia; and the Capricorn Copper property situated in Queensland.
29Metals Limited Fundamentals Summary
| 29M fundamental statistics | |
|---|---|
| Market cap | AU$168.50m |
| Earnings (TTM) | -AU$242.98m |
| Revenue (TTM) | AU$457.74m |
0.4x
P/S Ratio-0.7x
P/E RatioIs 29M overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 29M income statement (TTM) | |
|---|---|
| Revenue | AU$457.74m |
| Cost of Revenue | AU$523.91m |
| Gross Profit | -AU$66.17m |
| Other Expenses | AU$176.81m |
| Earnings | -AU$242.98m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.35 |
| Gross Margin | -14.46% |
| Net Profit Margin | -53.08% |
| Debt/Equity Ratio | 68.7% |
How did 29M perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 03:06 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
29Metals Limited is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Wright | Barclay Pearce Capital Pty Limited |
| April Lowis | Barrenjoey Markets Pty Limited |
| Glyn Lawcock | Barrenjoey Markets Pty Limited |