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.
FMG’s funding position has improved, but gearing remains...
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |