29Metals Ltd (ASX: 29M) Share Price and News

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29Metals Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $296.29 million
P/E Ratio 3.69
Dividend Yield 0.00%
Shares Outstanding 1.23 billion
Earnings per share -0.298
Dividend per share 0.04
Year To Date Return -57.26%
Earnings Yield 27.11%
Franking 100%
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as at 24 Feb 3:44pm

  • 29Metals Ltd (ASX: 29M)
    Latest News

    Open copper pipes
    Resources Shares

    What's the outlook for ASX 200 copper shares in September?

    Down those 12-month price targets go for ASX copper shares.

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    Three people in a corporate office pour over a tablet, ready to invest.
    Earnings Results

    3 ASX 300 company earnings results you might have missed

    These reports are flying under the radar today.

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    Open copper pipes
    Materials Shares

    How are ASX copper shares performing after Monday's surge?

    How are ASX copper shares performing after yesterday's huge rise?

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    A miner reacts to a positive company report mobile phone representing rising iron ore price
    Resources Shares

    ASX copper shares explode by up to 34% following BHP takeover bid

    Copper shares are shooting the lights out today. What's going on?

    Read more »

    two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.
    Resources Shares

    'We have clearly seen the peak': Sector veteran gives earnings season warning for ASX mining shares

    Falling commodity prices and increasing costs are set to impact ASX mining shares in the near future, says one expert.

    Read more »

    Open copper pipes
    Resources Shares

    Investing for the future: why this fundie is optimistic on copper shares

    Where does this fund manager see copper shares heading in the future?

    Read more »

    Man in overalls at mine cheering
    Broker Notes

    Leading broker tips strong year ahead for 29Metals (ASX:29M) share price

    Shares in the miner are set to rise according to an analyst.

    Read more »

    woman and two men in hardhats talking at mine site
    Resources Shares

    What's up with the 29Metals (ASX:29M) share price today?

    In 29Metals' latest quarterly report, the company details how it's tracking after its IPO.

    Read more »

    A team of people giving the thumbs up sign representing APA and Wesfarmers doing a deal to study green hydrogen transport using an APA gas pipeline
    Resources Shares

    Why the 29Metals (ASX: 29M) share price has surged 12% since its IPO

    The copper and metals miner has been having a good run...

    Read more »

    IPO graphic
    IPOs

    29Metals (ASX:29M) slips on biggest ASX mining debut in a decade

    The newest copper player on the ASX has arrived...

    Read more »

    Frequently Asked Questions

    Yes, 29Metals made its first fully franked dividend payment in October 2022.

    29Metals listed on the ASX on 2 July 2021.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    15 Sep 2022 $0.0200 100.00% Interim 14 Oct 2022

    29M ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About 29Metals Ltd

     29Metals Ltd (ASX: 29M) is a copper-focused base and precious metals mining company. It explores, develops, and produces mineral concentrates that are on-sold to commodity traders or to smelters for refining.

    29Metals has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, silver, and lead) and Capricorn Copper in Queensland (copper and silver). Both sites have estimated mine lives in excess of 10 years.
     
    The company also holds a portfolio of further exploration opportunities, including regional tenement interests around its existing operational sites and a strategic tenement package and exploration project in Redhill, Chile, the world's largest copper-producing nation.

     

    29M Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    17 Dec 2024 $0.25 $0.00 0.00% 5,554,654 $0.25 $0.26 $0.24
    16 Dec 2024 $0.25 $-0.01 -3.92% 24,740,134 $0.25 $0.26 $0.24
    13 Dec 2024 $0.26 $0.01 4.08% 4,269,898 $0.25 $0.26 $0.25
    12 Dec 2024 $0.25 $-0.02 -7.69% 15,141,675 $0.26 $0.26 $0.25
    11 Dec 2024 $0.26 $0.00 0.00% 2,479,594 $0.27 $0.27 $0.26
    10 Dec 2024 $0.26 $-0.01 -3.77% 3,767,619 $0.27 $0.27 $0.26
    09 Dec 2024 $0.27 $0.02 8.00% 5,944,080 $0.26 $0.27 $0.25
    06 Dec 2024 $0.25 $-0.01 -3.92% 5,691,092 $0.26 $0.26 $0.25
    05 Dec 2024 $0.26 $-0.07 -21.29% 17,921,021 $0.29 $0.29 $0.25
    02 Dec 2024 $0.33 $0.00 0.00% 1,287,963 $0.32 $0.34 $0.32
    29 Nov 2024 $0.32 $0.00 0.00% 672,196 $0.32 $0.33 $0.32
    28 Nov 2024 $0.32 $-0.01 -3.04% 1,199,596 $0.33 $0.33 $0.32
    27 Nov 2024 $0.33 $0.00 0.00% 571,709 $0.33 $0.34 $0.32
    26 Nov 2024 $0.33 $-0.01 -2.92% 1,125,817 $0.35 $0.36 $0.33
    25 Nov 2024 $0.34 $0.00 0.00% 744,066 $0.34 $0.36 $0.34
    22 Nov 2024 $0.34 $-0.01 -2.88% 762,208 $0.35 $0.35 $0.34
    21 Nov 2024 $0.35 $0.00 0.00% 360,188 $0.35 $0.35 $0.34
    20 Nov 2024 $0.35 $0.02 6.08% 1,169,986 $0.34 $0.35 $0.33
    19 Nov 2024 $0.33 $-0.01 -2.96% 507,702 $0.34 $0.34 $0.33

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    26 Sep 2024 Fiona Robertson Issued 25,555 $9,999
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    26 Sep 2024 Jacqueline (Jacqui) McGill Issued 25,555 $9,999
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    26 Sep 2024 Martin Alciaturi Issued 25,555 $9,999
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    26 Sep 2024 Tamara Brown Issued 13,492 $5,279
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    24 May 2024 Fiona Robertson Issued 44,277 $19,999
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    24 May 2024 Tamara Brown Issued 30,440 $13,749
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    24 May 2024 Martin Alciaturi Issued 44,277 $19,999
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    24 May 2024 Jacqueline (Jacqui) McGill Issued 44,277 $19,999
    Employee Share Ownership Plan/Directors Salary Sacrifice.
    06 Mar 2024 Peter Albert Exercise 145,304 $53,035
    Conversion of securities. 9,38,759 Rights
    06 Mar 2024 Peter Albert Issued 145,304 $53,035
    Conversion of securities.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Owen Leigh Hegarty Non-Executive ChairmanNon-Executive Director May 2021
    Mr Hegarty has more than 40 years' experience in the global mining industry with a career spanning executive and directorship roles across multiple mineral commodities and assets in Australia, Asia, Africa, Europe and the Americas. Owen co founded and is Executive Chairman of EMR Capital, a specialist resources private equity manager with operational, investment, sustainability and ESG management expertise applied across the EMR investment portfolio companies. Owen's career included 25 years with the Rio Tinto Group, including as Managing Director of Rio Tinto Asia and Rio Tinto's Australian copper and gold business. Owen has served and continues to serve on a number of government and industry mining advisory bodies and is the recipient of a number of awards and citations in recognition of his achievements and service to the mining industry. Owen was included in the 2021 Queen's Birthday honours list, being awarded the Medal of the Order of Australia recognising his services to the minerals and mining sector.
    Mr Francis Creagh Henry O'Connor Non-Executive Director Apr 2023
    Mr O'Connor has more than 30 years' experience as an executive and adviser in the mining industry and investment banking. Creagh is a current director and co founder of GP Securities, a private investment group based in Adelaide. Through GP Securities, Creagh is a founding shareholder of EMR Capital, a specialist resources private equity manager, where Creagh is also currently a non executive director and senior advisor. Prior to co founding GP Securities, Creagh held various executive and senior roles in investment banking and corporate advisory, including as Global Head of the Metals & Mining advisory group of Standard Chartered Bank following its acquisition of Gryphon Partners Pty Ltd in 2011, a boutique corporate advisory firm co-founded by Creagh in 2003.
    Ms Fiona A Robertson Non-Executive Director May 2021
    Ms Robertson has more than 40 years' experience as a finance executive and non executive director, most of this spent within the resources sector. Fiona's earlier career included credit risk management, corporate banking and resource financing roles with Chase AMP and Chase Manhattan Bank in Australia, New York and London. Fiona also serves as a member of Whitehaven Coal's governance & nomination and remuneration committees, and previously served on its health, safety, environment and community committee. Fiona serves on the nomination and remuneration committee and health, safety & sustainability committee for Bellevue Gold.
    Ms Jacqueline (Jacqui) Elizabeth McGill Non-Executive Director May 2021
    Ms McGill has more than 30 years' experience in the mining sector, including in executive and senior leadership roles spanning operations, business development, technology and project management across copper, iron ore and energy, where Jacqui developed extensive experience in managing financial performance, risk management and sustainability. Jacqui's executive career includes 16 years with BHP where Jacqui held roles as President Olympic Dam and President BHP Mitsui Coal, as well as other senior leadership roles in BHP's copper, uranium and iron ore divisions.
    Mr Martin Nicholas Alciaturi Non-Executive Director May 2021
    Mr Alciaturi is an experienced finance professional with combined experience of more than 40 years' in investment banking and corporate finance, and as a mining executive. Martin also serves as a member of Sierra Rutile Holdings' sustainability and social accountability committee. Martin's responsibilities included strategy, business development, investor relations, finance and administration. Prior to Aquila, Martin spent 30 years in investment banking and corporate finance, including as Head of Corporate Finance at Macquarie Capital in Perth, Partner in charge for Corporate Finance at EY in Perth (including head of the EY natural resources team), and as an executive director with Poynton Corporate.
    Ms Tamara Lee Brown Non-Executive Director Apr 2023
    Ms Brown has an engineering background and more than 25 years' experience in the finance and mining sectors. Tamara is currently a Partner of Oberon Capital Corporation, a Canadian boutique energy and mineral resources investment banking firm. Prior to joining Oberon Capital, Tamara held various senior management and executive roles, including interim Chief Executive Officer with formerly TSX listed Superior Gold Inc. (TSX.V: SGI) (2020 2021), Primero Mining Corp. (TSX: P, NYSE: PPP (2010 2018) and IAMGOLD Corporation (TSX: IMG, NYSE: IAG) (2009 2010). Tamara is currently an independent non-executive director of TSX-listed Lithium Royalty Corp. (TSX: LIRC) and TSX listed Orla Mining Ltd (TSX: OLA). At Lithium Royalty, Tamara serves on a number of board committees, including as chair of the audit committee and member of the compensation, nominating and governance committees for Lithium Royalty Corp. At Orla Mining, Tamara chairs the environmental, sustainability, health and safety committee, and also serves as a member of the technical, and human resources and compensation committees. Tamara was previously a non executive director of TSX listed Lundin Gold (TSX: LUG), and Superior Gold Inc. (TSX.V: SGI) where Tamara chaired the governance committee and human resources and compensation committee.
    Ms Naomi Dolmatoff Company Secretary Jul 2024
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    Mr James Richard Palmer Chief Executive Officer May 2024
    -
    James Richard Palmer Chief Executive Officer
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    Peter Albert Chief Executive Officer
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    Peter Herbert Chief Financial Officer
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    Clifford Tuck Chief Governance & Legal Officer
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    Ed Cooney Chief Operating Officer
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    David Star Commercial Manager
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    Naomi Dolmatoff Company Secretary
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    Josh Moran General Manager Operations Capricorn Copper
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    Brett Milner General Manager Operations Golden Grove
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    Grace Fong Group Financial Controller
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    Kristian Stella Group Manager Business Development
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    Lucas Williams Group Manager Geology
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    Adrianna Quinn Group Manager Human Resources
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    Michael Slifirski Group Manager Investor Relations
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    Tom Hennessy Group Manager Business Analysis & Planning
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    Tara Garrood Group Manager Sustainability & ESG
    -
    Naomi Dolmatof Manager Group Governance & Secretariat
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    Scott Campbell Marketing Manager
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Sufian Ahmad 74,221,817 16.65%
    Bilal Ahmad 54,623,529 12.26%
    Alfred Chong 43,337,999 9.72%
    Kobala Investments Pty Ltd <Fernando Edward Family A/C> 19,287,310 4.33%
    Clayton Capital Pty Ltd 14,705,650 3.30%
    Dr Rosamund Julian Banyard & Mr Phillip Stanley Holten <R Banyard Super Fund A/C> 13,767,563 3.09%
    Bnp Paribas Noms Pty Ltd Uobkh A/C R'Miers 12,727,500 2.86%
    Mr Ahmed Noman 8,125,966 1.82%
    Citicorp Nominees Pty Limited 7,770,724 1.74%
    Bergen Global Opportunity Fund Lp 7,500,000 1.68%
    Mr Robert Anthony Martin <Martin Family A/C> 7,500,000 1.68%
    Mr Fadi Diab 7,352,941 1.65%
    Mr Dean Brett Blankfield <Dean Blankfield A/C> 5,961,538 1.34%
    Mr Phillip Stanley Holten 5,733,153 1.29%
    Mr Siavash Khosrowshahi & Mrs Zahra Nahid Khosrowshahi <S Khosrowshahi Family A/C> 5,530,000 1.24%
    Hendrik Antoon Limited 5,345,438 1.20%
    Mr Agha Shahzad Pervez 4,705,883 1.06%
    Netwealth Investments Limited <Wrap Services A/C> 4,402,761 0.99%
    Mr Mobeen Iqbal 4,330,340 0.97%
    Mr Corey Jay Sanders 3,874,466 0.87%
    Tantula Pty Ltd <Edwards Family S/F A/C> 3,857,349 0.87%

    Profile

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