Citibank has just slashed its forecast IO price to $65/tonne for the next two years, down from $80/tonne. Citi has also hammered the juniors Atlas Iron and Mt Gibson rating them a 'sell', classifying them as risky. FMG has had its target share price downgraded from $4.50 to $3.20 and Citi has classified it as 'neutral'.
Possible rebound in 2017.
Forecast - Citi
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Last
75.0¢ |
Change
-0.120(13.8%) |
Mkt cap ! $149.8M | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 82.0¢ | 75.0¢ | $60.92K | 75.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9964 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 9022 | 1 |
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| Last trade - 15.59pm 27/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |