29Metals Ltd (29M)

Currency in AUD
0.243
-0.013(-4.90%)
Delayed Data·
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Fair Value
Day's Range
0.2350.255
52 wk Range
0.2150.675
Key Statistics
Bid/Ask
0.24 / 0.245
Prev. Close
0.255
Open
0.255
Day's Range
0.235-0.255
52 wk Range
0.215-0.675
Volume
3.84M
Average Volume (3m)
3.92M
1-Year Change
-48.9474%
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
0.373
Upside
+53.60%
Members' Sentiments
Bearish
Bullish
ProTips
Suffers from weak gross profit margins

29Metals Ltd News & Analysis

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Technical Analysis

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

Analyst Ratings

3 Buy
4 Hold
0 Sell
Ratings:
7 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 0.373
(+53.60% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Macquarie
Hold0.37+51.02%0.35Maintain30/09/2026
Canaccord
Hold0.31+26.53%0.25Maintain28/08/2026
Canaccord
Hold0.25+2.04%0.30Maintain09/07/2026
Jefferies
Hold0.29+18.37%0.30Maintain06/07/2026
RBC Capital
Hold0.25+2.04%0.30Maintain03/06/2026

29Metals Ltd Earnings Call Summary for Q3/2026

  • 29Metals Q3 gross revenue plunged 42.6% to AUD 94M; copper output fell to 4.2kt amid ore constraints and 11-day maintenance shutdown.
  • C1 unit costs surged to US$5.24/lb on lower volumes and higher site costs; shares dropped 6.45% to $0.29, near 52-week lows.
  • Xantho Extended restarted post-quarter; management expects materially lower costs and higher sales in Q4 with new ore sources online.
  • Full-year guidance unchanged at 20-24kt copper equivalent; Capricorn restart hinges on TSF3 regulatory approval expected in Q4.
  • Company exploring non-dilutive funding including stream royalties for Capricorn; liquidity at AUD 142M deemed sufficient for development.
Last Updated: 21/10/2026, 01:00
Read Full Transcript

Earnings

Latest Release
20/10/2026
EPS / Forecast
-- / --
Revenue / Forecast
126M / 147M
EPS Revisions
Last 90 days

Compare 29M to Peers and Sector

Metrics to compare
29M
Peers
Sector
Relationship
P/E Ratio
−9.7x−8.2x3.6x
PEG Ratio
21.400.010.00
Price/Book
0.8x1.7x1.6x
Price / LTM Sales
0.7x3.0x1.1x
Upside (Analyst Target)
55.5%73.8%55.9%
Fair Value Upside
Unlock18.4%6.4%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
387.09M22.12%98.71M
Other Institutional Investors
869.16M49.67%221.63M
Public Companies & Retail Investors
493.77M28.22%125.91M
Total
1.75B100.00%446.25M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
PT Buma Internasional Grup Tbk21.64%378,648,84996,555
EMR Capital Advisors Pty Ltd.12.28%214,987,20954,822

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FAQ

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

The 29Metals stock price today is 0.243 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 446.270M AUD.

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

The 29Metals EPS is currently -0.030 (Trailing Twelve Months).

When Is the Next 29Metals Earnings Date?

29Metals's next earnings report will be released on 25/02/2027.

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 Strong Sell.

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 02/11/2026, 29Metals (29M) is trading at a share price of 0.243 AUD, with a previous close of 0.255 AUD. The stock has fluctuated within a day range of 0.235 AUD to 0.255 AUD, while its 52-week range spans from 0.215 AUD to 0.675 AUD.

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

The average 12-month price target for 29Metals is 0.373 AUD, with a high estimate of 0.4494382 AUD and a low estimate of 0.30009956 AUD. 3 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +53.60% Upside potential.
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