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
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Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $242.1M |
Open | High | Low | Value | Volume |
34.0¢ | 35.5¢ | 34.0¢ | $158.2K | 454.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 41857 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 63895 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 41857 | 0.345 |
11 | 97272 | 0.340 |
7 | 51990 | 0.335 |
5 | 17800 | 0.330 |
1 | 13700 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 60736 | 15 |
0.355 | 90537 | 16 |
0.360 | 100208 | 8 |
0.365 | 111952 | 7 |
0.370 | 219222 | 7 |
Last trade - 11.53am 12/09/2024 (20 minute delay) ? |
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29M (ASX) Chart |