Chart - TA, page-3668

wonder who will be buying??????
De Grey Mining Started With A$1.35/Share Target Price by Goldman Sachs>DEG.AU

Gold miners have hardly been the belles of the ball in recent times, among the sectors most stung by the rise in capex, opex and labour shortages wrought in the post-Covid economy.
But after a couple years fumbling the ball and floundering beneath their clearly overambitious guidance, the gold space is making a recovery.
Already costs appear to be getting under control, while spot gold prices in and around the US$1920/oz or $2900/oz level should deliver decent profits for those who can make their operations work.
By 2025, Goldman Sachs says the top six gold stocks in Australia outside Newcrest (ASX:NCM), which it began coverage of this week, should see an average $300/oz improvement in margins as costs stabilise, prices lift and out of the money hedges roll off.
GS likes some of the industry’s biggest players like Evolution (ASX:EVN), Regis (ASX:RRL) and Gold Road (ASX:GOR), but has neutral ratings also on Northern Star (ASX:NST), De Grey Mining (ASXEG) and Capricorn Metals (ASX:CMM).
Before they roll out their quarterly results we have a string of early production numbers out today.