It's not about the IO price anymore, as such, it's about relative valuation.
With a lot of other stocks down, there's a real tradeoff between buying resource stocks that are still around recent highs in all reality, versus something like WES that has been destroyed.
Yes FMG will have a big upcoming dividend but the people with the $ are smart enough to look a bit beyond that.
Iron ore price, page-42959
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Last
$20.71 |
Change
-0.615(2.88%) |
Mkt cap ! $63.87B | |||
| Open | High | Low | Value | Volume |
| $20.65 | $20.83 | $20.43 | $67.34M | 3.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6764 | $20.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.71 | 1758 | 13 |
View Market Depth
| Last trade - 11.06am 25/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |