The Fortescue Metals Group Limited (ASX: FMG) share price has fallen 4% to $4.39 after the iron ore producer was the subject of a negative broker note out of Citi. The broker has downgraded Fortescue’s shares from a buy rating to a sell and cut the price target on its shares to $4.10 from $5.40. This was done in response to the company’s widening discount for its iron ore.
Ann: Iron ore price realisation guidance, page-75
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Last
$21.45 |
Change
-0.175(0.81%) |
Mkt cap ! $65.98B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.60 | $21.25 | $50.33M | 2.351M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7476 | $21.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.45 | 500 | 1 |
View Market Depth
| Last trade - 13.06pm 22/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |