Just got this in an email ...Wed, 5 Jan at 1:03 pm
From stock head.com.auIron ore miners have continued to pace ahead with Andrew Forrest’s Fortescue Metals Group (ASX:FMG) breaking the $20 per share barrier for the first time since September.
The ~$60 billion capped Pilbara iron ore giant is continuing to defy critics who placed bearish sell notices on the stock late last year as iron ore prices dived with lower Chinese steel production figures.
Morningstar notably sunk its price target on FMG to $10 late last year, it is now trading at double that level.
The driver was a slight jump in iron ore prices overnight to US$$123.12/t.
Iron ore price, page-42386
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Last
$18.10 |
Change
-0.340(1.84%) |
Mkt cap ! $55.72B | |||
| Open | High | Low | Value | Volume |
| $18.33 | $18.39 | $18.08 | $121.3M | 6.626M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |