How to buy 29Metals (29M) shares
Learn how to easily invest in 29Metals shares.
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29Metals is an other precious metals & mining business based in Australia. 29Metals shares (29M) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. 29Metals has a trailing 12-month revenue of around $625.1 million. If you're looking to buy shares, check out the steps below.
How to buy shares in 29Metals
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for 29Metals. Find the share by name or ticker symbol: 29M. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until 29Metals reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of 29Metals. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
29Metals stock price (ASX:29M)Use our graph to track the performance of 29M stocks over time.
29Metals shares at a glance
|52-week range||$1.9 - $3.23|
|50-day moving average||$2.82|
|200-day moving average||$2.5565|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.069|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy 29Metals stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
29Metals price performance over time
|1 week (2022-01-14)||-6.45%|
|1 month (2021-12-24)||3.20%|
|3 months (2021-10-22)||12.40%|
|6 months (2021-07-23)||26.09%|
Is 29Metals under- or over-valued?
Valuing 29Metals stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of 29Metals's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
29Metals's P/E ratio
29Metals's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 42x. In other words, 29Metals shares trade at around 42x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
29Metals's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $179.7 million (£95 million).
The EBITDA is a measure of a 29Metals's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$625.1 million|
|Operating margin TTM||7.67%|
|Gross profit TTM||$67.4 million|
|Return on assets TTM||0%|
|Return on equity TTM||0%|
|Market capitalisation||$1.4 billion|
TTM: trailing 12 months
29Metals share dividends
We're not expecting 29Metals to pay a dividend over the next 12 months.
29Metals Limited explores, develops, and produces copper focused base and precious metals. The company explores copper, zinc, gold, and silver deposits. It holds interest in the Golden Grove property located in Western Australia; and Capricorn Copper property located in Queensland. The company was incorporated in 2021 and is headquartered in Melbourne, Australia.
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