FMG 8.92% $18.54 fortescue ltd

Iron ore price, page-50110

  1. 10,277 Posts.
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    A downgrade to sell by Citi is what I believe was the catalyst for yesterday's sell-off, but I suspect the issue with analyst models is a terminal IO price assumption that is just too low.... and on that note, IO is within spitting distance of a fresh high for this little uptrend after a good night of gains... it's surprising to see IO stocks so weak in light of that TBH, especially considering the AUD was down as well:

    https://hotcopper.com.au/data/attachments/5440/5440125-beb631ba5665c4dca66b0732580a624e.jpg
    Last edited by convexity: 20/07/23
 
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