I just got this ...Fri, 6 Aug at 9:40 amFriday, 6 August 2021
29M - 29METALS LIMITED
Macquarie rates 29M as Outperform (1) - Macquarie’s commodity strategy team has upgraded its zinc price forecasts by 4-6% for 2021-2022, and 7% in the long term, due to stronger underlying zinc demand. Hence, the broker upgrades earnings forecasts, and lifts it target price for 29Metals to $3.30 from $3.
The analyst points out the company offers strong operational leverage not only to zinc, but also to copper.
Target price is $3.30 Current Price is $2.47 Difference: $0.83 If 29M meets the Macquarie target it will return approximately 34% (excluding dividends, fees and charges). The company's fiscal year ends in December.
Forecast for FY21:
Macquarie forecasts a full year FY21 dividend of 0.00 cents and EPS of 16.50 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.97.
Forecast for FY22:
Macquarie forecasts a full year FY22 dividend of 2.30 cents and EPS of 7.70 cents . At the last closing share price the estimated dividend yield is 0.93%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.08.
Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Friday, 6 August 2021
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Last
44.0¢ |
Change
-0.030(6.38%) |
Mkt cap ! $308.7M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 43.0¢ | $1.424M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11767 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 13002 | 3 |
View Market Depth
| Last trade - 16.10pm 23/04/2024 (20 minute delay) ? |
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Last
44.0¢ |
Change
-0.030 ( 5.86 %) |
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| Open | High | Low | Volume | ||
| 46.5¢ | 46.5¢ | 43.5¢ | 696643 | ||
| Last updated 15.59pm 23/04/2024 ? | |||||
| 29M (ASX) Chart |