If one looks as PRU , which has hedging in place, which equates to not much more in AUD than what they would get at today's exchange rates, their share price is not doing that well. IF the price of Gold in US$ rises, a good part of their production is at a standstill price due to hedging. Would be poor returns if the price of gold continues to rise. NOT until the hedging is fulfilled next year...but the hedging did keep punters semi-happy when price of gold was falling. With low gram per tonne production PRU is going to do well next year, if the price of Gold rises, and they don't hedge .
Technical analysis, page-4
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Last
$2.58 |
Change
0.040(1.57%) |
Mkt cap ! $3.550B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $10.02M | 3.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2300 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 66207 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PRU (ASX) Chart |