29Metals Ltd (29M)

Currency in AUD
0.230
+0.010(+4.55%)
Closed·
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Fair Value
Day's Range
0.2200.230
52 wk Range
0.2150.675
Key Statistics
Bid/Ask
0.23 / 0.21
Prev. Close
0.23
Open
0.225
Day's Range
0.22-0.23
52 wk Range
0.215-0.675
Volume
3.72M
Average Volume (3m)
5.46M
1-Year Change
-25.8065%
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
0.289
Upside
+25.82%
Members' Sentiments
Bearish
Bullish
ProTips
Stock has taken a big hit over the last week

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
Buy

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 0.289
(+25.82% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Canaccord
Hold0.25+8.70%0.30MaintainJul 09, 2026
Jefferies
Hold0.29+26.09%0.30MaintainJul 06, 2026
RBC Capital
Hold0.25+8.70%0.30MaintainJun 03, 2026
RBC Capital
Hold0.50+117.39%0.40MaintainMar 11, 2026
RBC Capital
Hold0.40+73.91%0.55MaintainJan 21, 2026

29Metals Ltd Earnings Call Summary for Q2/2026

  • 29Metals Q2 revenue flat at AUD 164M vs AUD 165M prior quarter; liquidity strong at AUD 202M including AUD 188M cash.
  • Gold output surged to 4.7K oz from 1.1K oz and silver rose to 195K oz from 104K oz, offsetting higher unit costs from stockpile drawdowns.
  • Company reaffirmed FY guidance; expects unit costs to decline as high-grade ore sources come online through 2026.
  • Capricorn Copper restart progressing with dewatering complete, but long-term tailings facility approval remains critical regulatory hurdle.
  • Management targeting 80K tonnes/year copper-equivalent production; exploring non-dilutive financing for Capricorn restart to minimize dilution.
Last Updated: 15/07/2026, 07:06
Read Full Transcript

Earnings

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

29M Income Statement

Compare 29M to Peers and Sector

Metrics to compare
29M
Peers
Sector
Relationship
P/E Ratio
15.9x15.8x3.5x
PEG Ratio
0.150.220.00
Price/Book
0.9x2.3x1.6x
Price / LTM Sales
0.7x2.7x1.3x
Upside (Analyst Target)
16.6%33.7%47.8%
Fair Value Upside
Unlock3.7%4.1%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
329.12M18.81%72.41M
Other Institutional Investors
860.69M49.18%189.35M
Public Companies & Retail Investors
560.26M32.01%123.26M
Total
1.75B100.00%385.02M

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
PT Buma Internasional Grup Tbk21.64%378,648,84983,303
EMR Capital Advisors Pty Ltd.12.28%214,987,20947,297

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FAQ

What Is the 29Metals (29M) Stock Price Today?

The 29Metals stock price today is 0.230 AUD.

What Stock Exchange Does 29Metals Trade On?

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

What Is the Stock Symbol for 29Metals?

The stock symbol for 29Metals is "29M."

What Is the 29Metals Market Cap?

As of today, 29Metals market cap is 402.520M AUD.

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

The 29Metals EPS (TTM) is 0.017.

When Is the Next 29Metals Earnings Date?

29Metals will release its next earnings report on Aug 31, 2026.

From a Technical Analysis Perspective, Is 29M a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has 29Metals Stock Split?

29Metals has split 0 times.

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

As of Jul 21, 2026, 29Metals (29M) is trading at a price of 0.230 AUD, with a previous close of 0.230 AUD. The stock has fluctuated within a day range of 0.220 AUD to 0.230 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 0.289 AUD, with a high estimate of 0.44935806 AUD and a low estimate of 0.24964337 AUD. 0 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Neutral. The stock has an +25.82% Upside potential.
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