Iron ore is trading 60 per cent above UBS' 2021 commodity price forecasts, which would see upside to 2020-21 earnings at Deterra Royalties of 40 per cent according to the broker's resources team.
I expect the IBs to start lifting iron ore forecasts (and target SPs), a 60% discount is ridiculous. China's stimulus wont be slowing and Brazil still having supply issues.
Iron ore is trading 60 per cent above UBS' 2021 commodity price...
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Last
$4.07 |
Change
-0.085(2.05%) |
Mkt cap ! $2.159B | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.18 | $4.01 | $10.86M | 2.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 2433 | $4.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.07 | 33435 | 20 |
View Market Depth
| Last trade - 11.30am 17/06/2024 (20 minute delay) ? |
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Last
$4.05 |
Change
-0.085 ( 2.48 %) |
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| Open | High | Low | Volume | ||
| $4.18 | $4.18 | $4.01 | 267760 | ||
| Last updated 11.48am 17/06/2024 ? | |||||
| DRR (ASX) Chart |
