FMG’s funding position has improved, but gearing remains uncomfortably high for a single commodity producer. The company’s ability to reduce debt, de-risk the balance sheet and lift dividends will depend on the iron ore price and management’s ability to contain costs. FMG is exposed to macro forces beyond its control and a large discount to value is recommended when purchasing.
iron ore price, page-1408
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |