For RIo, I observed in your chart that between 2008 to 2014 PE was between 10 to 4 (mostly 10 to 6) and it started trading with higher PE between 10 to 18 (mostly 10 to 16) and now going below 10 so basically it is going in right /similar direction to what it did in 2008 when market crashed and recession was everywhere in my opinion...!
All handsome dividend paid by RIO, BHP and somewhat FMG was thanks to spike in IO price of around $200 which is not sustainable and hence next two dividend decides how much yield can be gained from high risk mining business in my opinion..
Iron ore price, page-46075
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |