FMG 0.87% $21.71 fortescue ltd

Iron ore price, page-52237

  1. 10,196 Posts.
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    A little bump expected on Monday ahead of the Memorial Day holiday in the US. As FY24 quickly draws to a close its interesting to consider analyst IO forecasts in light of the futures curve below which has strengthened considerably and is now remarkably flat. I note Goldman has $99 penciled in for FY25... and well if FMG wanted they could pretty much lock in $113 (ex VAT) nearly all the way out to May 2025 at this stage...

    Copper tried to bounce again overnight but failed.... watch this space next week.

    https://hotcopper.com.au/data/attachments/6197/6197211-457ee50772fb09b7cb2de614bfb8db47.jpg
 
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$21.71
Change
-0.190(0.87%)
Mkt cap ! $66.84B
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$21.77 $21.80 $21.34 $408.6M 18.51M

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No. Vol. Price($)
2 289875 $21.68
 

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$21.72 95078 4
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