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
- What is GMG Worth?
At $24.02 GMG is on a Div Yield of 1.25% and a PE of 30GMG seems...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMG (ASX) to my watchlist
|
|||||
Last
$35.38 |
Change
0.740(2.14%) |
Mkt cap ! $67.19B |
Open | High | Low | Value | Volume |
$35.18 | $35.84 | $35.07 | $85.77M | 2.414M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1682 | $35.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.39 | 1784 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1682 | 35.380 |
2 | 20287 | 35.350 |
1 | 7703 | 35.340 |
1 | 4387 | 35.320 |
1 | 3954 | 35.300 |
Price($) | Vol. | No. |
---|---|---|
35.400 | 452 | 1 |
35.420 | 30000 | 1 |
35.440 | 448 | 1 |
35.470 | 443 | 1 |
35.490 | 661 | 1 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
GMG (ASX) Chart |