Has anyone had the chance to read the Goldman Sachs analysis on FMG? It was on Commsec
GS rated it a sell with a sp target of $11 as it was trading circa 1.5 x NAV
Prior to the latest recommendation, they've recommended DRR & CIA instead of FMG - as they are trading close to or under NAV
I vaguely remember in the midst of the covid crash, CBA held up pretty well, in fact well above it's NAV and NAB was 0.95xNAV
Presumably the NAV premium was afforded to CBA because it was the strongest in the pack and that didn't stop it from making a new all time high while NAB is still way off its ATH.
I would have thought FMG still trading at such a premium in part due to perceived resilience and strength in the iron ore market?
Ann: September Quarterly Production Report, page-68
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |