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
$4.66 |
Change
-0.035(0.75%) |
Mkt cap ! $2.479B | |||
| Open | High | Low | Value | Volume |
| $4.65 | $4.66 | $4.63 | $263.8K | 56.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2028 | $4.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.66 | 32982 | 9 |
View Market Depth
| Last trade - 10.05am 05/06/2024 (20 minute delay) ? |
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Last
$4.63 |
Change
-0.035 ( 1.34 %) |
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| Open | High | Low | Volume | ||
| $4.65 | $4.67 | $4.61 | 15005 | ||
| Last updated 10.24am 05/06/2024 ? | |||||
| DRR (ASX) Chart |