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: -15.4
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.44

23 Apr
2024

-0.030

OPEN

$0.47

-6.38%

HIGH

$0.47

3,217,458

LOW

$0.43

TARGET
$0.42 -4.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A1M . AML . AR1 . CNB . CVV . CYM . FFM . FND . HGO . LEG . MAC . MLX . NEM . NWC . RXM . SFR . STM . TTM .
FNARENA'S MARKET CONSENSUS FORECASTS
29M: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A - 8.6 xxx
DPS (cps) xxx N/A 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 :

 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 © 2024 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx-79.9
DPS All xxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxx449.3 M
Book Value Per Share xxxxxxxxxxxx60.2
Net Operating Cash Flow xxxxxxxxxxxx-57.4 M
Net Profit Margin xxxxxxxxxxxx-98.04 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx-77.41 %
Return on Invested Capital xxxxxxxxxxxx-58.68 %
Return on Assets xxxxxxxxxxxx-34.90 %
Return on Equity xxxxxxxxxxxx-77.41 %
Return on Total Capital xxxxxxxxxxxx-16.97 %
Free Cash Flow ex dividends xxxxxxxxxxxx-138.0 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 20192020202120222023
Short-Term Debt xxxxxxxxxxxx120 M
Long Term Debt xxxxxxxxxxxx151 M
Total Debt xxxxxxxxxxxx271 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx162 M
Price To Book Value xxxxxxxxxxxx1.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx84.9 M
Capex % of Sales xxxxxxxxxxxx18.91 %
Cost of Goods Sold xxxxxxxxxxxx548 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx43 M
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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

24/04/2024

3

Neutral

$0.45

2.27%

Golden Grove proved the headline disappointment of 29Metals' third quarter, says Citi. The company reported zinc production of just 4,700 tonnes, a sizeable -10,000 tonnes miss to market expectations amid production sequencing. 

The company did maintain guidance, noting volumes are expected to ramp up at Xantho, but capital expenditure for Golden Grove is expected to be at the top end of guidance.

As for the Capricorn Copper restart, the company notes permitting is ongoing and idle operating costs are expected to be $18m over the second half of the calendar year. 

The Neutral rating and target price of 45 cents are retained.

FORECAST
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 2.00 cents.
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 8.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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29M STOCK CHART

FNArena News on 29M

1
Material Matters: Pressure On Dividends, Steel & Iron Ore

Apr 04 2024 - Commodities
2
Weekly Ratings, Targets, Forecast Changes – 28-03-24

Apr 02 2024 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-03-24

Mar 28 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 28, 2024

Mar 28 2024 - Daily Market Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 22-03-24

Mar 22 2024 - Weekly Reports

Latest Copper News

1
Copper: Due A Breather

Apr 17 2024 - Technicals
2
Preparing For Copper Price Upside

Mar 26 2024 - Commodities
3
Copper: Stay Out For Now

Aug 24 2023 - Technicals
4
Copper: It’s Now Or Never

Jun 22 2023 - Technicals
5
Copper Super Cycle Temporarily On Halt

Sep 09 2022 - Commodities
6
Global Net Zero Target Faces Copper Shortage

Aug 24 2022 - Commodities
7
Copper: Buyers Required

Jun 29 2022 - Technicals
8
Inflation Drives Declines at OZ Minerals

Jun 29 2022 - Australia
9
Copper: Longer Term Bullish

May 25 2022 - Technicals
10
Copper: Short Term Pain, Long Term Gain

May 05 2022 - Technicals