Opinion on the Fortescue share price continues to be highly divisive, with some brokers believing its shares are vastly overvalued and others believing them to be dirt cheap.In respect to the latter, the team at Bell Potter continue to see a lot of value in the Fortescue share price.A recent note reveals that its analysts have a buy rating and $19.75 price target on its shares. This implies potential upside of 25% for investors over the next 12 months.In addition, the broker expects the iron ore miner to pay a $3.07 per share fully franked dividend in FY 2022. This equates to a very attractive fully franked yield of 19.4%, which stretches the total potential return to almost 45%.In response to its first quarter update, Bell Potter said: “Strong free cash flows, good cost control and an ‘on-track’ production performance emphasise the quality of the business and we retain our Buy recommendation.”
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Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B |
Open | High | Low | Value | Volume |
$21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9247 | $21.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.00 | 3521 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11765 | 21.970 |
2 | 5840 | 21.960 |
2 | 3604 | 21.950 |
3 | 12311 | 21.940 |
2 | 7071 | 21.930 |
Price($) | Vol. | No. |
---|---|---|
22.000 | 3521 | 3 |
22.010 | 280 | 1 |
22.020 | 1416 | 3 |
22.030 | 16800 | 3 |
22.040 | 13370 | 3 |
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