Dear all
AEM has fallen 21% from an intraday high of $5.37 on 14 Dec 2021 to close $4.25 on 18 Feb 2022. What has happened in the last two months to warrant such falls? Based on Bloomberg, average analyst target price is around $6.72, representing a potential capital upside of around 58%.
This post was originally posted here. Ernest Lim provide readers with in-depth insights into SGX listed companies. His writings have been featured in various mainstream & online media. Holding both a CFA® charter and CA Singapore designation, Ernest is an avid investor, trader & remisier, having over 500 followers in InvestingNote.
Is this the bottom for AEM, or will it fall further?
Personally, I think AEM is worth a closer look at $4.20 – 4.30 region. Let’s take a look at its investment merits and risks.
First things first, what does AEM do?
According to its company description in its 3QFY21 press release, AEM is a global...