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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At $24.02 GMG is on a Div Yield of 1.25% and a PE of 30GMG seems...
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Last
$35.77 |
Change
0.240(0.68%) |
Mkt cap ! $67.93B |
Open | High | Low | Value | Volume |
$35.29 | $35.88 | $35.17 | $81.36M | 2.277M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2038 | $35.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.78 | 4983 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 918 | 35.750 |
1 | 280 | 35.740 |
1 | 69 | 35.580 |
1 | 25 | 35.490 |
1 | 142 | 35.000 |
Price($) | Vol. | No. |
---|---|---|
35.870 | 80 | 1 |
35.880 | 28744 | 2 |
35.900 | 223 | 2 |
35.980 | 1389 | 1 |
35.990 | 1233 | 2 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$35.77 |
  |
Change
0.240 ( 0.37 %) |
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Open | High | Low | Volume | ||
$35.38 | $35.88 | $35.20 | 694820 | ||
Last updated 16.10pm 14/06/2024 ? |
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GMG (ASX) Chart |