At $1.5B MC, this is not a small cap mining stock and earnings are very important.
At current share price and gold price, forward PE for FY '17 sits at around 9 (by my calcs). So over valuation vis-a-vis peers is not a concern at this juncture. So unless something is amiss on the ground, the sell down today is possibly just good ol' profit taking. I remain long today unless something more substantive and fundamentally negative is confirmed.
breakout alert, page-72
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 33.3¢ | $481.5K | 1.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 824532 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 741687 | 34 |
View Market Depth
| Last trade - 12.40pm 02/12/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
