The Goldman view was basically what I said several months ago, when you look forward a bit, FMG is expensive relative to BHP and RIO.
BUT that's based on iron ore prices falling which I think is a very reasonable assumption.
However, if after all that, FMG is still valued around $19 by Goldmans... that leaves a lot of upside if any of their assumptions are wrong.
Iron ore price, page-30190
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Last
$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |