The fundamentals such as PE, EPS, dividends, company cashflow (even at the current IO price), would be the reason I would be buying.
Not to mention its bright future with increasing output and quality of its IO product from its new mines.
But I could be completely wrong and it may be way overvalued at $7.42 per share.
Iron ore price, page-15322
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |