29Metals Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, 29Metals stock has a consensus rating of "Hold" and an average price target of $0.31. The average 1-year stock price forecast is 21.57% higher than the current stock price, while the lowest is $0.26 (+1.96%) and the highest is $0.46 (+80.39%).

Price Target: $0.31 (+21.57%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$0.26	$0.31	$0.30	$0.46
Change	+1.96%	+21.57%	+17.65%	+80.39%

Analyst Ratings

The average analyst rating for 29Metals stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	0	1	2	0	0	0
Buy	0	0	0	0	0	0
Hold	2	3	3	5	6	6
Sell	1	1	1	1	1	1
Strong Sell	2	1	1	1	0	0
Total	5	6	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Adam Baker Macquarie	Macquarie	Hold Maintains $0.25 → $0.26	Hold	Maintains	$0.25 → $0.26	+1.96%	Jun 16, 2026
Daniel Roden Jefferies	Jefferies	Hold Maintains $0.26 → $0.30	Hold	Maintains	$0.26 → $0.30	+17.65%	Jun 9, 2026
Timothy Hoff Canaccord Genuity	Canaccord Genuity	Hold Maintains $0.25 → $0.30	Hold	Maintains	$0.25 → $0.30	+17.65%	Jun 8, 2026
Kaan Peker RBC Capital	RBC Capital	Hold Maintains $0.30 → $0.25	Hold	Maintains	$0.30 → $0.25	-1.96%	Jun 4, 2026
Annabelle Sleeman Morgans	Morgans	Hold Maintains $0.26	Hold	Maintains	$0.26	+1.96%	May 5, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

537.62M

from 566.62M

-5.12%

from 566.62M

Revenue Next Year

720.33M

from 537.62M

33.99%

from 537.62M

EPS This Year

-0.05

from 0.02

EPS Next Year

0.04

from -0.05

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	600.76M	720.69M	449.75M	551.06M	566.62M	537.62M
Revenue Growth	38.28%	19.96%	-37.60%	22.53%	2.82%	-5.12%
Gross Profit	136.64M	3.89M	-91.12M	-11.56M	84.58M	192.66M
Gross Margin	22.75%	0.54%	-20.26%	-2.10%	14.93%	35.84%
Operating Income	103.65M	-39.16M	-243.56M	-63.41M	37.03M	-84.91M
Net Income	121.01M	-47.22M	-440.46M	-177.61M	24.17M	-111.22M
EPS	-	-	-	-	0.02	-0.05
Dividend / Share	-	0.02	-	-	-	-
Free Cash Flow	80.45M	40.49M	-127.35M	2.18M	-63.38M	-160.62M
No. Analysts	-	-	-	-	-	7

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is AUD.

Revenue Forecast

Revenue	2026	2027	2028
High	563.7M
Avg	537.6M
Low	477.6M

Revenue Growth

Revenue Growth	2026	2027	2028
High	-0.5%
Avg	-5.1%
Low	-15.7%

EPS Forecast

EPS	2026	2027	2028
High	-0.03
Avg	-0.05
Low	-0.07

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-