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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Access Stockbroker Research History >

29M STOCK CHART

FNArena News on 29M

1
Weekly Ratings, Targets, Forecast Changes – 29-04-22

May 02 2022 - Weekly Reports
2
ESG Focus: ASX200 Off And Running, Part 5

Apr 27 2022 - ESG Focus
3
Australian Broker Call *Extra* Edition – Apr 21, 2022

Apr 21 2022 - Daily Market Reports
4
ESG Focus: ASX200 Off And Running, Part 2

Mar 21 2022 - ESG Focus
5
FNArena Corporate Results Monitor – 24-02-2022

Feb 24 2022 - Australia

Latest Copper News

1
Copper: Longer Term Bullish

May 25 2022 - Technicals
2
Copper: Short Term Pain, Long Term Gain

May 05 2022 - Technicals
3
Treasure Chest: 29Metals, The Third Force In Copper

Dec 16 2021 - Treasure Chest
4
Copper: Long Term Bullish

Oct 13 2021 - Technicals
5
Will MATSA Bring Value To Sandfire?

Sep 28 2021 - Australia
6
OZ Minerals: More Gold Yet Higher Costs

Jul 28 2021 - Australia
7
ESG Focus: Green Copper Demand Ready To Roar

Jun 07 2021 - ESG Focus
8
ESG Focus: Copper Key To Energy Transition

Jun 04 2021 - ESG Focus
9
ESG Focus: Water Emissions And Copper Mining

Mar 24 2021 - ESG Focus
10
OZ Minerals: Breaking Out

Mar 16 2021 - Technicals