I wonder how macquarie's clients are feeling since their broker slapped a 30 cent target price on mml just 4 weeks ago! Maybe macq are learning new math. In the old math, earnings of 15cps worked out to a p/e ratio of low single digits at current prices and very low single digits a month ago, which -- if sustainable -- is dirt cheap.
But gold stocks are even more volatile than gold itself, so pls dyor.
I wonder how macquarie's clients are feeling since their broker...
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