CMM is a $1bn Australia-based gold exploration company that operates within two distinct project areas in Western Australia: The Karlawinda Gold Project and The Mt Gibson Gold Project. The stock is only covered by 4 major brokers and they all say hold yet it’s outperformed most of its more discussed peers e.g. CMM is down -16.8% in 2022 compared to Newcrest (NCM) which has tumbled over -30%. The recent presentation by CMM went down well at the latest “Diggers & Dealers” and we feel this gold producer simply needs a degree of optimism injected back into the sector to regain its mojo.
- We are bullish gold into Christmas and believe that CMM could be a rewarding way of playing this contrarian view.
MM likes CMM below $3
Add To Hit List
