29Metals (29M) Stock Overview
Operates as a copper focused base and precious metals mining company in Australia and Chile. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
29M Community Fair Values
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29Metals Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.41 |
| 52 Week High | AU$0.57 |
| 52 Week Low | AU$0.10 |
| Beta | 1.17 |
| 1 Month Change | -12.77% |
| 3 Month Change | 32.26% |
| 1 Year Change | -14.58% |
| 3 Year Change | -77.96% |
| 5 Year Change | n/a |
| Change since IPO | -79.90% |
Recent News & Updates
Recent updates
29Metals Limited (ASX:29M) Held Back By Insufficient Growth Even After Shares Climb 36%
Sep 03
29Metals Limited (ASX:29M) Held Back By Insufficient Growth Even After Shares Climb 28%
Jul 0729Metals Limited's (ASX:29M) Shares Bounce 41% But Its Business Still Trails The Industry
May 23Why Investors Shouldn't Be Surprised By 29Metals Limited's (ASX:29M) 34% Share Price Plunge
Apr 08Is 29Metals (ASX:29M) Using Too Much Debt?
Apr 06
Development Of Gossan Valley Will Expand Future Production Capacity
Strategic resource expansion projects at Gossan Valley and Golden Grove aim to enhance production flexibility and long-term revenue growth through high-grade ore development.Is 29Metals (ASX:29M) Using Debt In A Risky Way?
Oct 23There Is A Reason 29Metals Limited's (ASX:29M) Price Is Undemanding
Jul 1929Metals Limited (ASX:29M) Surges 36% Yet Its Low P/S Is No Reason For Excitement
Apr 12Is 29Metals (ASX:29M) Using Too Much Debt?
Mar 24Benign Growth For 29Metals Limited (ASX:29M) Underpins Stock's 33% Plummet
Feb 2729Metals Limited (ASX:29M) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Feb 26An Intrinsic Calculation For 29Metals Limited (ASX:29M) Suggests It's 48% Undervalued
May 12Shareholder Returns
| 29M | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -20.4% | 4.3% | 0.3% |
| 1Y | -14.6% | 22.8% | 8.5% |
Return vs Industry: 29M underperformed the Australian Metals and Mining industry which returned 21.3% over the past year.
Return vs Market: 29M underperformed the Australian Market which returned 8.5% over the past year.
Price Volatility
| 29M volatility | |
|---|---|
| 29M Average Weekly Movement | 14.2% |
| Metals and Mining Industry Average Movement | 12.8% |
| Market Average Movement | 9.4% |
| 10% most volatile stocks in AU Market | 20.3% |
| 10% least volatile stocks in AU Market | 3.5% |
Stable Share Price: 29M's share price has been volatile over the past 3 months compared to the Australian market.
Volatility Over Time: 29M's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2021 | n/a | James Palmer | www.29metals.com |
29Metals Limited operates as a copper focused base and precious metals mining company in Australia and Chile. The company explores for copper, gold, silver, zinc, lead, and cobalt deposits. Its primarily assets include the Golden Grove property covering an area of approximately 129 square kilometers located in Western Australia; and the Capricorn Copper property covering an area of approximately 1,900 square kilometers situated in Queensland.
29Metals Limited Fundamentals Summary
| 29M fundamental statistics | |
|---|---|
| Market cap | AU$562.25m |
| Earnings (TTM) | -AU$33.10m |
| Revenue (TTM) | AU$579.03m |
Is 29M overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 29M income statement (TTM) | |
|---|---|
| Revenue | AU$579.03m |
| Cost of Revenue | AU$535.60m |
| Gross Profit | AU$43.44m |
| Other Expenses | AU$76.54m |
| Earnings | -AU$33.10m |
Last Reported Earnings
Jun 30, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.024 |
| Gross Margin | 7.50% |
| Net Profit Margin | -5.72% |
| Debt/Equity Ratio | 44.6% |
How did 29M perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/18 20:06 |
| End of Day Share Price | 2025/10/17 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
29Metals Limited is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Daniel Morgan | Barrenjoey Markets Pty Limited |
| Mollie Urquhart | Barrenjoey Markets Pty Limited |