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
- Forums
- ASX - By Stock
- general
At $24.02 GMG is on a Div Yield of 1.25% and a PE of 30GMG seems...
Featured News
Add GMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$37.07 |
Change
-0.730(1.93%) |
Mkt cap ! $70.86B |
Open | High | Low | Value | Volume |
$37.51 | $37.52 | $36.92 | $112.0M | 3.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 812 | $37.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.09 | 10139 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 812 | 37.070 |
1 | 4566 | 37.010 |
3 | 186659 | 37.000 |
1 | 4566 | 36.950 |
1 | 27 | 36.910 |
Price($) | Vol. | No. |
---|---|---|
37.090 | 10139 | 1 |
37.110 | 592 | 2 |
37.130 | 10139 | 1 |
37.180 | 10179 | 2 |
37.220 | 10139 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
GMG (ASX) Chart |