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29Metals ASX:29M Stock Report

Last Price

AU$0.38

Market Cap

AU$263.1m

7D

-29.2%

1Y

-66.2%

Updated

28 Mar, 2024

Data

Company Financials +

29M Stock Overview

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

29M fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

29Metals Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 29Metals
Historical stock prices
Current Share PriceAU$0.38
52 Week HighAU$1.39
52 Week LowAU$0.18
Beta0.85
1 Month Change13.64%
3 Month Change-41.86%
1 Year Change-66.22%
3 Year Changen/a
5 Year Changen/a
Change since IPO-81.62%

Recent News & Updates

Is 29Metals (ASX:29M) Using Too Much Debt?

Mar 24
Is 29Metals (ASX:29M) Using Too Much Debt?

Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet

Feb 27
Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet

Recent updates

Is 29Metals (ASX:29M) Using Too Much Debt?

Mar 24
Is 29Metals (ASX:29M) Using Too Much Debt?

Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet

Feb 27
Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet

29Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Feb 26
29Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates

An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued

May 12
An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued

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
7D-29.2%0.2%1.5%
1Y-66.2%-4.5%11.6%

Return vs Industry: 29M underperformed the Australian Metals and Mining industry which returned -4.5% over the past year.

Return vs Market: 29M underperformed the Australian Market which returned 11.6% over the past year.

Price Volatility

Is 29M's price volatile compared to industry and market?
29M volatility
29M Average Weekly Movement24.0%
Metals and Mining Industry Average Movement11.9%
Market Average Movement8.7%
10% most volatile stocks in AU Market17.1%
10% least volatile stocks in AU Market3.2%

Stable Share Price: 29M's share price has been volatile over the past 3 months.

Volatility Over Time: 29M's weekly volatility has increased from 16% to 24% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aPeter 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; and the Capricorn Copper property situated in Queensland.

29Metals Limited Fundamentals Summary

How do 29Metals's earnings and revenue compare to its market cap?
29M fundamental statistics
Market capAU$263.14m
Earnings (TTM)-AU$440.46m
Revenue (TTM)AU$449.75m

0.6x

P/S Ratio

-0.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
29M income statement (TTM)
RevenueAU$449.75m
Cost of RevenueAU$540.87m
Gross Profit-AU$91.12m
Other ExpensesAU$349.35m
Earnings-AU$440.46m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 23, 2024

Earnings per share (EPS)-0.63
Gross Margin-20.26%
Net Profit Margin-97.94%
Debt/Equity Ratio51.4%

How did 29M perform over the long term?

See historical performance and comparison
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