Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
29Metals Limited explores, develops, and produces copper focused base and precious metals. The company explores for copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove property located in Western Australia; the Capricorn Copper property situated in Queensland; and the Redhill project located in southern Chile. The company was incorporated in 2021 and is headquartered in Melbourne, Australia.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. In particular, the stock is reasonably priced on P/E, of fair
Target Price
The average target price of 29M.AX is 0.36 and suggests 4% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation
Buy
Sell