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.
A little bump expected on Monday ahead of the Memorial Day...
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |