29Metals Ltd (29M)

Currency in AUD
0.260
+0.010(+4.00%)
Closed·
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Fair Value
Day's Range
0.2450.265
52 wk Range
0.1250.675
Key Statistics
Bid/Ask
0.255 / 0.265
Prev. Close
0.25
Open
0.25
Day's Range
0.245-0.265
52 wk Range
0.125-0.675
Volume
13.82M
Average Volume (3m)
7.76M
1-Year Change
108%
Fair Value
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Fair Value Upside
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29M Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
0.293
Upside
+12.82%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth

29Metals Ltd News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

0 Buy
6 Hold
1 Sell
Ratings:
7 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 0.293
(+12.82% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
RBC Capital
Hold0.50+92.31%0.40Maintain11/03/2026
RBC Capital
Hold0.40+53.85%0.55Maintain21/01/2026
RBC Capital
Hold0.50+92.31%0.35Maintain10/12/2025
Jefferies
Hold0.40+53.85%-Upgrade16/10/2025
RBC Capital
Hold0.35+34.62%0.40Maintain16/10/2025

29Metals Ltd Earnings Call Summary for Q1/2026

  • Q1 2026 revenue rose to AUD 165M (+AUD 28M QoQ) driven by copper output of 6.4kt exceeding guidance; stock gained 4.55%
  • Strong liquidity position of AUD 238M maintained; Golden Grove generated AUD 10M free cash flow with stable site costs at AUD 97M
  • FY2026-27 guidance: EPS of -0.03 USD and 0.03 USD respectively; revenue targets USD 380.45M and USD 510.54M
  • Seismic impacts at Xantho Extended may delay production; new access development expected complete by December quarter
  • Strategic focus on developing new ore sources at Golden Grove and Capricorn Copper; regulatory approvals pending for restart
Last Updated: 29/04/2026, 02:14
Read Full Transcript

Earnings

Latest Release
28/04/2026
EPS / Forecast
-- / --
Revenue / Forecast
165M / --
EPS Revisions
Last 90 days

Compare 29M to Peers and Sector

Metrics to compare
29M
Peers
Sector
Relationship
P/E Ratio
19.7x17.6x3.0x
PEG Ratio
0.180.210.00
Price/Book
1.1x2.6x1.6x
Price / LTM Sales
0.8x3.1x1.4x
Upside (Analyst Target)
4.2%23.6%25.2%
Fair Value Upside
Unlock0.2%−2.5%Unlock

29Metals Limited operates as a copper-focused base and precious metals mining company in Australia and Chile. The company explores copper, gold, silver, zinc, and lead deposits. It is also involved in base and precious metals mining, mineral production, and associated activities; exploration for mineral resources; and Cervantes, and Gossan Valley projects. Its primary assets include the Golden Grove property covering an area of approximately 129 square kilometers located in Western Australia; the Capricorn Copper property covering an area of approximately 1,900 square kilometers situated in Queensland; and Redhill property covering an area of approximately 227 square kilometers. 29Metals Limited was incorporated in 2021 and is headquartered in Melbourne, Australia.

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
315.66M18.04%82.07M
Other Institutional Investors
856.38M48.93%222.66M
Public Companies & Retail Investors
578.04M33.03%150.29M
Total
1.75B100.00%455.02M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
PT Buma Internasional Grup Tbk21.64%378,648,84998,449
EMR Capital Advisors Pty Ltd.12.28%214,987,20955,897

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FAQ

What Is the 29Metals (Sydney: 29M) Share Price Today?

The 29Metals stock price today is 0.260 AUD.

What Stock Exchange Does 29Metals (29M) Trade On?

29Metals is listed and trades on the Sydney Stock Exchange.

What Is the Ticker (Stock Symbol) for 29Metals?

The stock symbol (also called a 'ticker') for 29Metals is "29M."

What Is the Current 29Metals Market Capitalisation?

As of today, 29Metals (Sydney: 29M) market cap is 455.020M AUD.

What Is 29Metals's (29M) Earnings Per Share (TTM)?

The 29Metals EPS is currently 0.017 (Trailing Twelve Months).

When Is the Next 29Metals Earnings Date?

29Metals's next earnings report will be released on 31/08/2026.

Is 29M a Buy or Sell From a Technical Analyst Perspective?

Based on today's 29Metals moving averages and other technical indicators, the daily buy/sell signal for 29M stock is Neutral.

How Many Times Has 29Metals Stock Split?

29Metals has split 0 times. (See the 29M stock split history page for full effective split date and price information.)

What is the current trading status of 29Metals (Sydney: 29M)?

As of 09/05/2026, 29Metals (29M) is trading at a share price of 0.260 AUD, with a previous close of 0.250 AUD. The stock has fluctuated within a day range of 0.245 AUD to 0.265 AUD, while its 52-week range spans from 0.125 AUD to 0.675 AUD.

What Is 29Metals (29M) Price Target According to Analysts?

The average 12-month price target for 29Metals is 0.293 AUD, with a high estimate of 0.4441677 AUD and a low estimate of 0.2462986 AUD. 0 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Neutral. The stock has an +12.82% Upside potential.
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