Perhaps with signs of the trade war easing (refer defabs earlier post), investors are looking at the fundamentals of iron stocks and saying they are too cheap at current prices.
FMG's PE ratio of 5.06 and dividend yield 9.8% (per Comsec). FMG PE ratio has never been this low (refer bottom line below) and with higher IO product coming soon, its future has never looked brighter imo.
Iron ore price, page-15460
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |