Data Insights

ASX 200 stocks with fresh 52-week highs and lows – Week 49

Mon 04 Dec 23, 1:24pm (AEDT)
Close-up detail of gold mineralisation in pyrate type rocks at an unknown location
Source: iStock

Key Points

  • The gold sector is experiencing a broad-based rally as gold prices break out to all-time highs
  • Genesis Minerals, Bellevue Gold and Evolution Mining are the first gold names to hit fresh 52-week highs
  • Several underperforming stocks continue to spiral to fresh yearly lows, including Allkem, IGO, Sayona Mining, and Core Lithium

Welcome back to the 52-week Series – A recap of ASX 200 stocks marking yearly highs and lows in the past week.


52-Week Highs and Lows by Sector

  • Materials: 3 Highs, 4 Lows

  • Discretionary: 1 High, 4 Lows

  • Industrials: 1 High, 1 Low

  • Healthcare: 3 Highs, 0 Lows

  • Communications, Real Estate, Staples, Financials, Technology and Utilities: 0 Highs, 0 Lows


Stocks at 52-Week Highs

Ticker

Company

Close Price

Sector

1 Week

1 Year

GMD

Genesis Minerals

1.775

Materials

4.7%

43.2%

BGL

Bellevue Gold

1.72

Materials

6.8%

41.0%

EVN

Evolution Mining

4.04

Materials

9.8%

40.3%

SVW

Seven Group

32.45

Industrials

1.6%

54.7%

NEU

Neuren Pharmaceuticals

16.09

Health Care

8.0%

116.6%

PME

Pro Medicus

88.06

Health Care

0.0%

44.4%

COH

Cochlear

272.29

Health Care

5.2%

26.4%

CKF

Collins Foods

11.24

Discretionary

12.4%

42.8%


Gold stocks are having a field day as spot prices rallied to all-time highs of US$2,146 an ounce on Monday. The yellow metal is breaking out after more than two years of sideways action as key narratives such as peak Fed, soft landing and disinflation gather momentum.

It's a sea of green for gold stocks and names like Genesis Minerals, Bellevue Gold and Evolution Mining are the first to hit fresh 52-week highs. This move reminds me of a quote from US trader Mark Minervini – “when you see a growing number of names in a particular industry making new 52-week highs (especially coming off a market low), this could be an indication that a group advance is underway.”

GOLD 2023-12-04 13-04-53
Gold weekly price chart (Source: TradingView)

That said, gold faded the US$2,146 high pretty quickly. It's down around 2.5% from the 10:30 am AEDT peak and currently trading at US$2,085.

Gold intraday
Gold 5-minute price chart (Source: TradingView)

Stocks at 52-Week Lows

The 52-week low list continues to feature several underperformers that continue to spiral to fresh yearly lows. This includes names like Allkem, IGO, Sayona Mining and Core Lithium.

Ticker

Company

Close Price

Sector

1 Week

1 Year

TLS

Telstra Group

3.79

Communications

0.3%

-5.3%

TWE

Treasury Wine

10.61

Consumer Staples

0.2%

-23.5%

TLC

The Lottery Corp

4.52

Discretionary

1.6%

-3.4%

BAP

Bapcor

5.34

Discretionary

-0.6%

-22.7%

TAH

Tabcorp

0.695

Discretionary

-6.1%

-34.1%

SGR

The Star Entertainment

0.51

Discretionary

2.0%

-77.1%

WDS

Woodside Energy

30.84

Energy

-3.4%

-13.6%

IPH

IPH

6.78

Industrials

2.7%

-20.0%

S32

South32

3.09

Materials

-1.6%

-26.3%

NIC

Nickel Industries

0.71

Materials

-2.7%

-31.1%

AKE

Allkem Limited Ordinary

8.48

Materials

0.2%

-41.1%

IGO

IGO

8.34

Materials

-4.6%

-49.0%

SYA

Sayona Mining

0.062

Materials

-13.9%

-73.6%

CHN

Chalice Mining

1.395

Materials

-5.1%

-76.0%

CXO

Core Lithium

0.27

Materials

-21.7%

-80.3%

 

Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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