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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Last
$34.12 |
Change
-1.130(3.21%) |
Mkt cap ! $65.69B |
Open | High | Low | Value | Volume |
$34.61 | $34.83 | $33.96 | $62.98M | 1.824M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 741 | $34.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.12 | 1798 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 704 | 34.110 |
9 | 801 | 34.100 |
13 | 1333 | 34.090 |
13 | 2324 | 34.080 |
10 | 1063 | 34.070 |
Price($) | Vol. | No. |
---|---|---|
34.120 | 1985 | 25 |
34.130 | 1409 | 16 |
34.140 | 1246 | 11 |
34.150 | 665 | 9 |
34.160 | 750 | 7 |
Last trade - 13.08pm 25/07/2024 (20 minute delay) ? |
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GMG (ASX) Chart |