All that implies to me is that FMG is a great BUY (IMO) ... too many investment companies / banks are 'pushing their own agenda' of late... look at DB's recent Lithium DSO report ?
Citi re-rating to sell with a target price of $3.90 (IMO) translates to buy with a target price of $5.50 ST
I mean with IO Spot prices this low we are only making approx $200m-$300m a month .... that combined with a net debt of approx $1.6bn, years before principal repayments are due, approx $2bn cash in the bank etc etc ... we are sure to go broke soon - NOT !
Yes sell for sure Citi ? What the ?
Iron ore price, page-1852
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Last
$18.31 |
Change
0.340(1.89%) |
Mkt cap ! $56.37B | |||
| Open | High | Low | Value | Volume |
| $18.09 | $18.32 | $18.06 | $115.9M | 6.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 273 | $18.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.32 | 9260 | 4 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |