Tell me that I am wrong here
Allied Gold will probably produce about 100,000 troy ounces of gold per year.
If it makes A$300 per ounce after production costs (an average sort of number for Australian gold mining) then its net profit is likely to be about A$30 million per year.
And if the number of shares issued is about 150 million then the earnings per share is about 20 cents with a share price of about 40 cents.
An enterprise with a price earning ratio of 2 is an outstanding investment.
So the share price less than 40 cents appears to be a bargain to me.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$29.96 |
Change
0.160(0.54%) |
Mkt cap ! $7.139B | |||
| Open | High | Low | Value | Volume |
| $29.85 | $30.08 | $29.67 | $12.40M | 414.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 754 | $29.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.00 | 2100 | 2 |
View Market Depth
| Last trade - 16.10pm 15/09/2025 (20 minute delay) ? |
| ALD (ASX) Chart |