I would say the reason for FMG underperforming by so much is the low grade nature of the majority of the material they ship.
They are also a pure play iron ore company, so unlike Champion Iron, it seems their exposure to low grade pricing further exacerbates any negative sentiment in 58% grades (which the bulk of their material is - if I recall correctly)
Also interesting they are neutral on CIA (P/E ratio 13.15 - Div yield 2.36%) with a 17% forecast VS MIN (P/E ratio 31.26 - Div yield 1.47%) outperforming with a 8% increase.
Brokers are full of crap 85% of the time anyways.
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Mkt cap ! $14.45M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 25000 | 0.110 |
2 | 97685 | 0.105 |
3 | 650000 | 0.100 |
1 | 50000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 53210 | 2 |
0.135 | 29629 | 1 |
0.140 | 59995 | 1 |
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0.150 | 230755 | 3 |
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