yes, the highest for years because we were always undervalued. Today's PE of 4 shows the market still expects IO to drop more & FMG will drop with it as we remain ever so tied to the IO price.
Even a PE of 14 is cheap IMO. Everyone is still pricing in the collapse of China...
trailing dividend gross yield is 17.5% i estimate...either way, IO is dropping right now... FMG will drop with it, even it drops to $14 again I'll put in a bucket load.
Iron ore price, page-43476
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Last
$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $21.95 | $21.85 | $66.01M | 2.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 10191 | $21.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.91 | 714 | 4 |
View Market Depth
| Last trade - 10.14am 20/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |