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
What is GMG Worth?
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 (20min delay)
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Last
$32.63 |
Change
0.860(2.71%) |
Mkt cap ! $61.97B | |||
| Open | High | Low | Value | Volume |
| $32.05 | $33.01 | $32.01 | $97.86M | 2.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16800 | $32.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.65 | 580 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$32.77 |
Change
0.860 ( 2.67 %) |
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| Open | High | Low | Volume | ||
| $32.05 | $33.00 | $32.03 | 727450 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| GMG (ASX) Chart |