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29M

29Metals ASX:29M Stock Report

Last Price

AU$2.50

Market Cap

AU$1.2b

7D

0.8%

1Y

-3.1%

Updated

02 Dec, 2022

Data

Company Financials +
29M fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends2/6

29M Stock Overview

29Metals Limited explores, develops, and produces copper focused base and precious metals.

29Metals Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 29Metals
Historical stock prices
Current Share PriceAU$2.50
52 Week HighAU$3.35
52 Week LowAU$1.17
Beta0
1 Month Change24.38%
3 Month Change35.14%
1 Year Change-3.10%
3 Year Changen/a
5 Year Changen/a
Change since IPO22.55%

Recent News & Updates

Recent updates

Be Wary Of 29Metals (ASX:29M) And Its Returns On Capital

Sep 07
Be Wary Of 29Metals (ASX:29M) And Its Returns On Capital

Shareholder Returns

29MAU Metals and MiningAU Market
7D0.8%4.6%1.3%
1Y-3.1%12.6%-1.1%

Return vs Industry: 29M underperformed the Australian Metals and Mining industry which returned 12.6% over the past year.

Return vs Market: 29M underperformed the Australian Market which returned -1.1% over the past year.

Price Volatility

Is 29M's price volatile compared to industry and market?
29M volatility
29M Average Weekly Movement8.7%
Metals and Mining Industry Average Movement11.1%
Market Average Movement9.0%
10% most volatile stocks in AU Market16.0%
10% least volatile stocks in AU Market4.1%

Stable Share Price: 29M is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 29M's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20211,130Peter Geoffrey Alberthttps://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; the Capricorn Copper property situated in Queensland; and the Redhill project located in southern Chile.

29Metals Limited Fundamentals Summary

How do 29Metals's earnings and revenue compare to its market cap?
29M fundamental statistics
Market CapAU$1.20b
Earnings (TTM)AU$121.40m
Revenue (TTM)AU$776.45m

9.9x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
29M income statement (TTM)
RevenueAU$776.45m
Cost of RevenueAU$631.90m
Gross ProfitAU$144.55m
Other ExpensesAU$23.15m
EarningsAU$121.40m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin18.62%
Net Profit Margin15.63%
Debt/Equity Ratio27.6%

How did 29M perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

8%

Payout Ratio