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
$18.37 |
Change
0.400(2.23%) |
Mkt cap ! $56.66B | |||
| Open | High | Low | Value | Volume |
| $18.11 | $18.49 | $18.10 | $136.0M | 7.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2071 | $18.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.38 | 6882 | 24 |
View Market Depth
| Last trade - 15.42pm 22/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |