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
$34.73 |
Change
-0.580(1.64%) |
Mkt cap ! $65.95B |
Open | High | Low | Value | Volume |
$34.51 | $34.97 | $34.35 | $117.4M | 3.381M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 579 | $34.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.73 | 1785 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 34.690 |
1 | 8090 | 34.630 |
4 | 8925 | 34.600 |
2 | 654 | 34.580 |
1 | 8090 | 34.570 |
Price($) | Vol. | No. |
---|---|---|
34.790 | 654 | 2 |
34.840 | 8090 | 1 |
34.880 | 8167 | 3 |
34.900 | 468 | 1 |
34.910 | 8090 | 1 |
Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
$34.73 |
  |
Change
-0.580 ( 1.99 %) |
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Open | High | Low | Volume | ||
$34.55 | $34.96 | $34.35 | 1064411 | ||
Last updated 16.10pm 11/06/2024 ? |
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GMG (ASX) Chart |