Just got this in an email today...Wed, 31 Jan at 9:22 amWednesday, 31 January 2024
29M - 29METALS LIMITED
Macquarie rates 29M as Outperform (1) - 29Metals' Dec Q copper production was -20% below Macquarie's estimate and zinc -11% lower. Maiden 2024 copper and zinc production guidance also fell a little short.
The broker has cut near-term earnings forecasts but lifted medium-term due to uplifts in mining grades at Golden Grove.
Target falls to 70c from 80c, Outperform retained.
Target price is $0.70 Current Price is $0.42 Difference: $0.28 If 29M meets the Macquarie target it will return approximately 67% (excluding dividends, fees and charges). Current consensus price target is $0.72, suggesting upside of 70.6%(ex-dividends)The company's fiscal year ends in December.
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 14.10 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 2.98. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -17.0, implying annual growth of N/A. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 2.30 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.26. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -2.2, implying annual growth of N/A. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 0.7All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
- Forums
- ASX - By Stock
- Ann: Quarterly Report for December 2023 Quarter
Just got this in an email today...Wed, 31 Jan at 9:22...
-
- There are more pages in this discussion • 124 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 29M (ASX) to my watchlist
|
|||||
Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $294.7M |
Open | High | Low | Value | Volume |
43.0¢ | 43.0¢ | 40.5¢ | $945.6K | 2.270M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 335976 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 120751 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 286000 | 0.410 |
10 | 212099 | 0.405 |
10 | 203884 | 0.400 |
3 | 271309 | 0.385 |
5 | 370994 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 2000 | 1 |
0.430 | 19142 | 2 |
0.435 | 30000 | 1 |
0.440 | 46265 | 2 |
0.450 | 86992 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
29M (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online