Hi again. The answer is that the FMG share price has not struggled against its peers. The basis of your question is wrong.
Compared to other pure play iron ore miners the FMG PE is reasonably strong. What you are seeing is in fact that all peers of FMG have really low PE ratios. It is not an FMG thing it is a pure play iron ore thing. And the reason is that institutions do not think the high Fe price is sustainable so they are not pricing it in to their valuations.
Hi again. The answer is that the FMG share price has not...
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Last
$18.29 |
Change
0.150(0.83%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |