ASX 200 stocks with fresh 52-week highs and lows – Week 49
The gold sector is experiencing a broad-based rally as gold prices break out to all-time highs.
Source: iStock
Mentioned
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 |
|---|---|---|---|---|---|
Genesis Minerals | 1.775 | Materials | 4.7% | 43.2% | |
Bellevue Gold | 1.72 | Materials | 6.8% | 41.0% | |
Evolution Mining | 4.04 | Materials | 9.8% | 40.3% | |
Seven Group | 32.45 | Industrials | 1.6% | 54.7% | |
Neuren Pharmaceuticals | 16.09 | Health Care | 8.0% | 116.6% | |
Pro Medicus | 88.06 | Health Care | 0.0% | 44.4% | |
Cochlear | 272.29 | Health Care | 5.2% | 26.4% | |
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 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 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 |
|---|---|---|---|---|---|
Telstra Group | 3.79 | Communications | 0.3% | -5.3% | |
Treasury Wine | 10.61 | Consumer Staples | 0.2% | -23.5% | |
The Lottery Corp | 4.52 | Discretionary | 1.6% | -3.4% | |
Bapcor | 5.34 | Discretionary | -0.6% | -22.7% | |
Tabcorp | 0.695 | Discretionary | -6.1% | -34.1% | |
The Star Entertainment | 0.51 | Discretionary | 2.0% | -77.1% | |
Woodside Energy | 30.84 | Energy | -3.4% | -13.6% | |
IPH | 6.78 | Industrials | 2.7% | -20.0% | |
South32 | 3.09 | Materials | -1.6% | -26.3% | |
Nickel Industries | 0.71 | Materials | -2.7% | -31.1% | |
Allkem Limited Ordinary | 8.48 | Materials | 0.2% | -41.1% | |
IGO | 8.34 | Materials | -4.6% | -49.0% | |
Sayona Mining | 0.062 | Materials | -13.9% | -73.6% | |
Chalice Mining | 1.395 | Materials | -5.1% | -76.0% | |
Core Lithium | 0.27 | Materials | -21.7% | -80.3% |
