I somewhat agree. If iron ore stays where it is, MIN is way undervalued. Iron ore will drop, the question is when. Maybe in 5 years but I think next year after a vaccine.
I still think even factoring in a price drop of iron ore, it's undervalued but not way undervalued.
Just looking at the ROE, book value, cash flow, P/E, etc. with no real calculations, my thumb in the air valuation with the iron ore risk is $45 (don't take this as any advice, I am a complete amateur). If the price of iron ore were to stay where it is for a long time, hmm, north of $100???
Either way, it's a quality well run company so I will just keep my holding.
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I somewhat agree. If iron ore stays where it is, MIN is way...
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Last
$58.16 |
Change
0.190(0.33%) |
Mkt cap ! $11.42B |
Open | High | Low | Value | Volume |
$57.61 | $58.91 | $57.61 | $53.73M | 919.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2925 | $58.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$58.17 | 1190 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32 | 58.100 |
1 | 1000 | 58.080 |
7 | 1642 | 58.000 |
1 | 500 | 57.970 |
1 | 100 | 57.910 |
Price($) | Vol. | No. |
---|---|---|
58.450 | 5 | 1 |
58.820 | 30 | 1 |
58.850 | 1250 | 1 |
58.870 | 67 | 1 |
58.900 | 270 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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