Closed up 5% @$39.65 with gold US$2330. To put that in perspective NEM reached a high of US$84.77 in mid April 2022 when gold was US$1975. So NEM can go up 100%plus from here and factoring the gold price, I don't think it is a stretch to say US$100. This can really start to move and it doesn't take into account the elevated levels of silver and copper that NEM has substantial amounts of and are also looking bullish along with the forecast increasing gold production. Institutional money just cannot ignore the largest gold miner in the world with gold going nuts. It has been depressing holding these CDIs for the last several months but feeling far more positive about it now.
Ann: Update - Dividend/Distribution - NEM, page-40
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Last
$74.12 |
Change
-0.270(0.36%) |
Mkt cap ! $10.09B | |||
| Open | High | Low | Value | Volume |
| $74.81 | $74.88 | $73.79 | $49.76M | 671.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3300 | $73.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.18 | 1087 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| NEM (ASX) Chart |