At $24.02 GMG is on a Div Yield of 1.25% and a PE of 30
GMG seems to be valued by the market as if were Microsoft or Apple
With interest rates potentially moving higher in 2024, I don't understand why the market is paying such a premium for GMG?
From a technical perspective, I think the share price will move back to the $18 mark this year (which is still a high price to pay)
10 year daily chart below with 233 day exponential moving average
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=AU%3Agmg&x=39&y=13&time=13&startdate=1%2F4%2F1999&enddate=7%2F21%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=2&maval=233&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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What is GMG Worth?
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Last
$36.46 |
Change
0.210(0.58%) |
Mkt cap ! $68.84B |
Open | High | Low | Value | Volume |
$36.61 | $36.76 | $36.30 | $8.783M | 239.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 612 | $36.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.46 | 839 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 41 | 36.340 |
7 | 411 | 36.330 |
11 | 806 | 36.320 |
8 | 1333 | 36.310 |
7 | 429 | 36.300 |
Price($) | Vol. | No. |
---|---|---|
36.360 | 262 | 5 |
36.370 | 913 | 5 |
36.380 | 522 | 6 |
36.390 | 257 | 2 |
36.400 | 470 | 5 |
Last trade - 10.32am 17/07/2024 (20 minute delay) ? |
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GMG (ASX) Chart |