I estimate that BGL is now trading on a PE of 11 based on estimated 24-25 earnings. The PE falls to about 7 based on 28-29 estimated earnings. This is based on the mid-points of the 5 year outlook released last week and a constant gold price of $US2,300 per ounce. Does anyone have access to broker revised forecasts based on the information released last week?
Going forward, the most important thing BLG needs to do is build credibility with the market. This may take 12 months or so. Essentially, this means at least meeting and hopefully exceeding the 24-25 targets announced last week combined with some outstanding exploration results. Any slip up could mean a further loss in credibility another sharp drop in the share price.
I estimate that BGL is now trading on a PE of 11 based on...
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Last
$1.32 |
Change
0.038(2.92%) |
Mkt cap ! $1.670B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.34 | $1.27 | $8.275M | 6.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 143665 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 28379 | 22 |
View Market Depth
| Last trade - 15.51pm 08/10/2024 (20 minute delay) ? |
| BGL (ASX) Chart |