AFAIK - Morningstar Premium is not based on fair value, but more on long term risk. If you were going to get a 10 million dollar margin loan at high LVR, I wouldnt put it on FMG. So if you're risk adverse, I'd sell FMG. If you aim to retire a multi-millionaire early....buy.
"Morningstar acknowledges its rating system is a quantitative measure of a fund's past performance that is not intended to accurately predict future performance."
so basically they're not looking at the iron ore price.... which has a small impact on this companies bottom line
So they're not wrong, you just need to understand what you're reading......then toss it in the bin
Iron ore price, page-25478
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |