About 29Metals Limited (29M)
29Metals Limited is a Other Precious Metals & Mining company operating in the Basic Materials sector. The company is headquartered in Melbourne, Australia. 29M has been publicly traded since 2021, giving it 5+ years of trading history.
29Metals Limited (29M) has been publicly traded since 2021, making it a 5-year-old public company. It operates in the Other Precious Metals & Mining industry within the Basic Materials sector. The company is headquartered in Melbourne, Australia. With a market capitalization of A$655 million, 29M is a smaller company with higher growth potential.
29M trades on the Australian Securities Exchange and is classified as a small-cap-cap stock with a market capitalization of approximately A$655 million.
Key Statistics
- Current Price
- A$0.38
- Market Cap
- A$655.24M
- 52-Week High
- A$0.68
- 52-Week Low
- A$0.11
- Sector
- Basic Materials
- Industry
- Other Precious Metals & Mining
29M Investment Performance
29M has declined 34.8% year-to-date in 2026. Since its IPO in 2021, a A$1,000 investment would now be worth A$128.
A$1,000 Invested in 29Metals Limited (29M)
How much would A$1,000 invested in 29M be worth today?
What would A$1,000 invested in 29M 1 year ago be worth today?
A A$1,000 investment in 29Metals Limited (29M) in 2025 would be worth A$1,520 as of March 2026, representing a +52.0% total return.
What would A$1,000 invested in 29M 3 years ago be worth today?
A A$1,000 investment in 29Metals Limited (29M) in 2023 would be worth A$204 as of March 2026, representing a -79.6% total return.
What would A$1,000 invested in 29M at IPO be worth today?
A A$1,000 investment in 29Metals Limited (29M) at IPO would be worth A$128 as of March 2026, representing a -87.2% total return.
Monthly Returns Heatmap
Over the past 4+ years (56 months), 29Metals Limited (29M) has averaged a monthly return of -0.46% with a median return of -3.21%. The stock had 24 positive months (43%) and 31 negative months (55%). The best month in 29M's history was May 2025 with a +66.7% return, while the worst was January 2024 at -47.3%. Historically, August tends to be the strongest month (averaging +15.6%), and January the weakest (-16.1%).
29M's longest winning streak was 4 consecutive months of gains, while its longest losing streak was 7 consecutive months of losses. The best full year was 2025 with a cumulative return of +134.1%, and the worst was 2023 at -73.4%.
Annual Returns
Over 5 years of trading history, 29Metals Limited (29M) has delivered an average annual return of -12.96% with a median return of -37.31%. The compound annual growth rate (CAGR) is -33.72%. The stock posted gains in 1 years (20%) and losses in 4 years (80%).
29M's best year was 2025 with a +134.69% gain, while the worst was 2023 at -65.36%. The longest streak of consecutive positive years was 1, and the longest losing streak was 3 years. 29M achieved double-digit gains (10%+) in 1 years. It suffered double-digit losses in 4 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | -34.78% | A$0.57 | A$0.38 |
| 2025 | +134.69% | A$0.25 | A$0.57 |
| 2024 | -62.02% | A$0.64 | A$0.25 |
| 2023 | -65.36% | A$1.86 | A$0.64 |
| 2022 | -37.31% | A$2.97 | A$1.86 |
29M Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating 29Metals Limited as an investment
Valuation
29M currently trades at a trailing P/E ratio of 18.8, which is considered moderate relative to the broader market. The forward P/E of 6.7 suggests analysts expect earnings to be lower in the coming year. The price-to-book ratio stands at 1.2. The price-to-sales ratio is 1.2.
Dividends
29Metals Limited does not currently pay a dividend, choosing to reinvest earnings back into the business for growth.
Risk & Volatility
29M has a beta of 1.11, indicating it is slightly more volatile than the overall market. The stock's 52-week range is A$0.10 to A$0.68, and it currently trades in the lower half of its 52-week range.
Analyst Ratings
Based on 6 analyst opinions, 29M has a consensus "hold" rating. The average price target of A$0.45 suggests 21.0% upside from current levels.
Frequently Asked Questions: 29M
What sector is 29M in? ▼
29M operates in the Basic Materials sector, specifically in the Other Precious Metals & Mining industry.
How has 29M performed historically? ▼
Over 5 years of trading history, 29M has posted gains in 1 years (20% of the time). The best year was 2025 with a +134.7% return. Past performance does not guarantee future results.
How can I invest in 29M? ▼
You can invest in 29M through any brokerage account that offers access to the Australian Securities Exchange. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold 29M.
Does 29M pay dividends? ▼
29Metals Limited does not currently pay a dividend, choosing to reinvest earnings back into the business for growth.
What does 29Metals Limited do? ▼
29Metals Limited is a Other Precious Metals & Mining company operating in the Basic Materials sector. The company is headquartered in Melbourne, Australia.
What sector is 29M in? ▼
29M operates in the Basic Materials sector, specifically in the Other Precious Metals & Mining industry.
When did 29M go public? ▼
29Metals Limited went public in 2021, making it a 5-year-old public company as of 2026.
What is 29M's 3-year return? ▼
Over the past 3 years, 29M has returned -79.6%. A A$1,000 investment would have grown to A$204.
How much would A$1,000 invested in 29M at IPO be worth today? ▼
If you invested A$1,000 in 29M at its IPO in 2021, it would be worth approximately A$128 today, a -87.2% return over 5 years.
Does 29M pay dividends? ▼
No, 29Metals Limited does not currently pay a dividend. The company reinvests its earnings into growth.
What is 29M's market cap? ▼
29Metals Limited has a market capitalization of A$655 million, classifying it as a small-cap company.
What is 29M's P/E ratio? ▼
29M has a trailing P/E ratio of 18.8 and a forward P/E of 6.7, which measures how much investors are paying per dollar of earnings.
Is 29M a buy, hold, or sell? ▼
Based on 6 opinions, 29M has a consensus "hold" rating. The average price target is A$0.45.
Last updated: 3/15/2026