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
$37.24 |
Change
-0.370(0.98%) |
Mkt cap ! $71.18B | |||
| Open | High | Low | Value | Volume |
| $37.74 | $37.82 | $37.03 | $131.5M | 3.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111 | $37.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.32 | 14706 | 2 |
View Market Depth
| Last trade - 16.10pm 12/12/2024 (20 minute delay) ? |
| GMG (ASX) Chart |
