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
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.90

27 Jun
2022

-0.020

OPEN

$1.90

-1.04%

HIGH

$1.93

2,380,333

LOW

$1.88

TARGET
$2.975 56.6% upside
OTHER COMPANIES IN THE SAME SECTOR
OZL . PNA . SFR . TGS . HGO . IAU . MGV . FND . MLX . A1M . AML . NCM . AIS . LEG . CYM . TTM . NWC . AR1 .
FNARENA'S MARKET CONSENSUS FORECASTS
29M: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 48.6 12.3 xxx
DPS (cps) xxx 0.0 3.4 xxx
EPS Growth xxx N/A - 74.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 15.5 xxx
Dividend Yield xxx N/A 1.8% xxx
Div Pay Ratio(%) xxx 0.0% 27.9% xxx

Dividend yield today if purchased 3 years ago: N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201920202021
EPS Basic xxxxxx48.6
DPS All xxxxxx0.0
Sales/Revenue xxxxxx600.8 M
Book Value Per Share xxxxxx160.2
Net Operating Cash Flow xxxxxx57.6 M
Net Profit Margin xxxxxx20.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021
Return on Capital Employed xxxxxx31.45 %
Return on Invested Capital xxxxxx20.93 %
Return on Assets xxxxxx12.34 %
Return on Equity xxxxxx31.45 %
Return on Total Capital xxxxxx18.37 %
Free Cash Flow ex dividends xxxxxx-31.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

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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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

20/05/2022

1

Buy

$3.00

57.89%

Citi retains its Buy ratings across the broker's copper coverage though trims target prices when taking into account the near-term macro outlook. It's thought share price weakness, driven by China data and a hawkish Fed is setting up a long-term buying opportunity.

The Citi commodities team highlights copper is the most leveraged commodity to the decarbonisation thematic and looks set to outperform most other commodities over the coming decade.

For 29metals, the analyst reduces the target price to $3.00 from $3.30. Buy.

FORECAST
Citi forecasts a full year FY22 dividend of 2.00 cents and EPS of 9.00 cents.
Citi forecasts a full year FY23 dividend of 9.00 cents and EPS of 25.10 cents.

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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29M STOCK CHART