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

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29M - 29METALS LIMITED

FNArena Sector : Copper
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 1.67
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.28

21 Feb
2024

0.010

OPEN

$0.28

3.70%

HIGH

$0.30

7,872,166

LOW

$0.25

TARGET
$0.60 114.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AML . AR1 . CNB . CVV . CYM . FFM . FND . HGO . LEG . MLX . NEM . NWC . SFR . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
29M: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx - 9.6 - 23.2 xxx
DPS (cps) xxx 2.0 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.96

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 © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx-
DPS All xxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxx506.1 M
Book Value Per Share xxxxxxxxxxxx-
Net Operating Cash Flow xxxxxxxxxxxx-
Net Profit Margin xxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxx-
Return on Equity xxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxx-
Free Cash Flow ex dividends xxxxxxxxxxxx-

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20192020202120222023
Short-Term Debt xxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxx-
Total Debt xxxxxxxxxxxx-
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx-
Price To Book Value xxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxx-
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

31/01/2024

3

Neutral

$0.50

78.57%

Citi's takeways from 29Metals' Dec Q report are that a CEO search is underway, a Capricorn Copper tailings permit still outstanding, a further insurance claim is "progressing" and Golden Grove is still consuming cash.

No guidance was provided for Capricorn Copper, while Golden Grove zinc guidance is lower and costs higher than assumed.

Citi has cut its target to 50c from 75c and retains a Neutral (High Risk) rating.

FORECAST
Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -30.60 cents.
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -12.30 cents.

Ord Minnett

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

xx.xx%

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29M STOCK CHART