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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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.07M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 15.0¢ | $2.618K | 17.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7565 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 105356 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7565 | 0.145 |
2 | 493244 | 0.140 |
1 | 296000 | 0.135 |
2 | 510000 | 0.130 |
1 | 11639 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 105356 | 3 |
0.165 | 14000 | 1 |
0.180 | 23950 | 2 |
0.195 | 100000 | 1 |
0.220 | 55500 | 1 |
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