29Metals Limited

29M

AU0000157067

Diversified Mining

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
0.47 ^AUD	+6.82%		+8.05%	-27.13%

Apr. 24	CLSA Downgrades 29Metals to Sell from Reduce, Price Target is AU$0.35	MT
Apr. 24	29Metals Says Gross Revenue Climbed by AU$13 Million to AU$154 Million in March Quarter	MT

29Metals, Aeris in Mix for Cobar Copper Mine

October 24, 2021 at 10:08 pm EDT

Aeris Resources and 29Metals are believed to be vying for Glencore's Cobar copper mine. The CSA mine at Cobar in NSW is up for sale through Bank of America and UBS at a time that the copper price has been trading at strong levels in recent months. Previously, Aeris Resources planned to buy the mine for USD 575 million, but terms could not be agreed.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	GLENCORE PLC	473.2 GBX	+0.98%	+0.30%	71.16B
	AERIS RESOURCES LIMITED	0.275 AUD	+3.77%	+10.00%	167M

Latest news about 29Metals Limited

CLSA Downgrades 29Metals to Sell from Reduce, Price Target is AU$0.35	Apr. 23	MT
29Metals Says Gross Revenue Climbed by AU$13 Million to AU$154 Million in March Quarter	Apr. 23	MT
Jarden Adjusts 29 Metals Price Target to AU$0.28 from AU$0.30, Keeps at Underweight	Apr. 22	MT
Transcript : 29Metals Limited, Q1 2024 Earnings Call, Apr 23, 2024	Apr. 22
29Metals Signs $50 Million Offtake Facility, Obtains Further AU$16 Million in Insurance Claims	Apr. 21	MT
Jarden Downgrades 29 Metals to Underweight from Neutral, Adjusts Price Target to AU$0.30 from AU$0.38	Mar. 27	MT
Australian Shares Retreat Ahead of Release of Inflation Data	Mar. 26	MT
29Metals Suspends Operations at Capricorn Copper Due to Extended Rainfall	Mar. 25	MT
Transcript : 29Metals Limited - Special Call	Mar. 25
Jefferies Upgrades 29Metals to Hold From Underperform; Price Target is AU$0.50	Mar. 25	MT
Jarden Research Downgrades 29Metals to Neutral From Overweight, Price Target is AU$0.38	Mar. 07	MT
29Metals Appoints CEO; Shares Up 7%	Mar. 04	MT
29Metals Widens 2023 Loss Amid Operational Challenges	Feb. 22	MT
Transcript : 29Metals Limited, 2023 Earnings Call, Feb 23, 2024	Feb. 22
29Metals Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 22	CI
Transcript : 29Metals Limited, Q4 2023 Earnings Call, Jan 30, 2024	Jan. 29
29Metals Managing Director/CEO to Resign in April 2024	Dec. 14	MT
29Metals Limited Announces Retirement of Peter Albert Retire as CEO on 30 April 2024	Dec. 13	CI
29Metals Limited Announces Managing Director, Peter Albert Retire from the Role on 30 April 2024	Dec. 13	CI
29Metal's Queensland Undertaking Bags 'Prescribed Project' Status	Nov. 16	MT
Trafigura brings Australian mined copper back to China -sources	Nov. 13	RE
Transcript : 29Metals Limited, Q3 2023 Earnings Call, Oct 25, 2023	23-10-24
29Metals Completes AU$29 Million Retail Entitlement Offer; Shares Up 5%	23-09-28	MT
29Metals Limited(ASX:29M) dropped from S&P/ASX Small Ordinaries Index	23-09-18	CI
29Metals Limited(ASX:29M) dropped from S&P/ASX 300 Index	23-09-18	CI

Chart 29Metals Limited

Duration

Period

More charts

Company Profile

29Metals Limited is a copper-focused base and precious metals mining company with producing and exploration assets in Australia and Chile. The principal activities of the Company are mining and mineral production, mineral concentrate sales, and mineral exploration and development. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold and silver) and Capricorn Copper in Queensland (copper and silver). Its near-mine and regional exploration activities, including the Redhill exploration project located in southern Chile. The Golden Grove mine has a history of discovery with mining leases covering over 129 square kilometers (km2). The Capricorn Copper mine covering approximately 1,858 km2 within the highly prospective Western Fold Belt of the Mount Isa Inlier. Redhill exploration project comprises the Cutters Cove project, located around the historical Cutters Cove copper mine and surrounding prospects. It holds 100% in Redhill exploration project.

Sector

Diversified Mining

Calendar

2024-05-20 - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Ratings for 29Metals Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

0.2855 USD

Average target price

0.276 USD

Spread / Average Target

-3.32%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Integrated Mining

	1st Jan change	Capi.
29METALS LIMITED	-27.13%	201M
BHP GROUP LIMITED	-14.40%	149B
RIO TINTO PLC	-6.38%	115B
GLENCORE PLC	+0.76%	71.16B
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	+6.69%	50.97B
GRUPO MÉXICO, S.A.B. DE C.V.	+9.34%	45.47B
ANGLO AMERICAN PLC	+29.16%	38.8B
TECK RESOURCES LIMITED	+20.78%	25.62B
HINDUSTAN ZINC LIMITED	+33.35%	20.87B
VEDANTA LIMITED	+54.17%	16.98B

Integrated Mining

29Metals Limited

Equities

29M

AU0000157067

Diversified Mining

29Metals, Aeris in Mix for Cobar Copper Mine

Stocks mentioned in the article

EPS Revisions