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
- Forums
- ASX - By Stock
- Friday, 6 August 2021
I just got this ...Fri, 6 Aug at 9:40 amFriday, 6 August 202129M...
- There are more pages in this discussion • 4 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
(20min delay)
|
|||||
Last
48.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $336.8M |
Open | High | Low | Value | Volume |
48.0¢ | 48.5¢ | 47.5¢ | $707.3K | 1.474M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 81534 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
48.5¢ | 50150 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 62499 | 0.480 |
12 | 376998 | 0.475 |
12 | 152938 | 0.470 |
6 | 42697 | 0.460 |
4 | 100000 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.485 | 50150 | 2 |
0.490 | 158000 | 3 |
0.495 | 63800 | 2 |
0.500 | 113000 | 6 |
0.505 | 31939 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
48.5¢ |
  |
Change
0.000 ( 0.12 %) |
|||
Open | High | Low | Volume | ||
48.0¢ | 48.5¢ | 47.5¢ | 522239 | ||
Last updated 15.59pm 03/05/2024 ? |
Featured News
29M (ASX) Chart |