Agree, its a low PE, the macro headwinds Iron Ore has faced the last 12 to 18 months have been enormous, rediculous media reports, crashing spot, rising supply etc. I think FMG number one focus should be paying down debt while its cheaper to do so. IF they clear the load, it will trade at multiples from here in a couple of years time.
Iron Ore Price, page-5212
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Last
$22.11 |
Change
0.105(0.48%) |
Mkt cap ! $68.02B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $50.65M | 2.289M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2446 | $22.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 5797 | 13 |
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| Last trade - 14.16pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |