yes, the highest for years because we were always undervalued. Today's PE of 4 shows the market still expects IO to drop more & FMG will drop with it as we remain ever so tied to the IO price.
Even a PE of 14 is cheap IMO. Everyone is still pricing in the collapse of China...
trailing dividend gross yield is 17.5% i estimate...either way, IO is dropping right now... FMG will drop with it, even it drops to $14 again I'll put in a bucket load.
Iron ore price, page-43476
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |