29METALS LIMITED (29M)
Share Price Analysis and Chart

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29M

29M - 29METALS LIMITED

FNArena Sector : Copper
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 20.69
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.36

24 Jul
2025

0.020

OPEN

$0.35

5.88%

HIGH

$0.37

5,817,196

LOW

$0.34

TARGET
$0.248 -31.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AR1 . CNB . CSC . CVV . CY5 . CYM . FFM . HGO . LEG . MAC . MLX . MM8 . NEM . NWC . SFR . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
29M: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 24.3 - 0.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/09 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-24.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx557.8 M
Book Value Per Share xxxxxxxxxxxxxxx30.6
Net Operating Cash Flow xxxxxxxxxxxxxxx37.4 M
Net Profit Margin xxxxxxxxxxxxxxx-31.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-42.21 %
Return on Invested Capital xxxxxxxxxxxxxxx-30.14 %
Return on Assets xxxxxxxxxxxxxxx-16.09 %
Return on Equity xxxxxxxxxxxxxxx-42.21 %
Return on Total Capital xxxxxxxxxxxxxxx-16.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-76.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx130 M
Long Term Debt xxxxxxxxxxxxxxx186 M
Total Debt xxxxxxxxxxxxxxx315 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx252 M
Price To Book Value xxxxxxxxxxxxxxx0.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx116.3 M
Capex % of Sales xxxxxxxxxxxxxxx20.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx581 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx95 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

23/06/2025

3

Hold

$0.30

-16.67%

Ord Minnett has revised its commodity price forecasts, with the biggest downgrades made to lithium price forecasts. Among others, gold price forecasts lifted for 2025-27 by 7-10%, and iron ore, coking coal and uranium price estimates raised for 2025.

The broker cut aluminium and nickel price forecasts for 2025-27, and the copper price for 2026.

Hold retained for 29Metals. Target unchanged at 30c.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

22/07/2025

4

Downgrade to Underweight from Overweight

$0.30

-16.67%

Jarden has downgraded 29Metals to Underweight from Overweight with a reduced target price of 30c, citing ongoing operational setbacks at the compoany's Golden Grove mine.

29Metals suffered another seismic event, further delaying access to its high-grade Xantho Extended orebody. As a result, Jarden now expects 2025 production for copper and zinc to miss guidance, with group EBITDA for the year slashed by -35%.

The analysts expressed concern over persistent free cash flow challenges and a negative cash outlook, though they noted any strength in base metals prices could act as a key upside risk.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -3.60 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.90 cents.
Access Extra Coverage Research History >

29M STOCK CHART

FNArena News on 29M

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 25-07-25

Jul 25 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 23, 2025

Jul 23 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Jul 22, 2025

Jul 22 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – May 01, 2025

May 01 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports

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