this struck me as overly optimistic.
but heck.
P/E = 5.97
dividend yield 13.1%
good strategic moves via R&D and moves towards carbon neutral operations. I used to be a cynic on that front, seeing practical and economic progress with even China having a demonstrated blue skies / clean air policy tells me there is good value in this positioning.
I think the forecasts of increased production coming online to meet demand are overstated, then add the increasing pressure towards 'carbon neutral' supply chains.
https://www.copyright link/markets/commodities/cba-fitch-latest-to-forecast-iron-ore-price-decline-20210216-p572sc
https://tradingeconomics.com/commodity/iron-ore
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Rhinehrart Lieutanant warns MPs to prepare for Iron Ore price fall, page-23
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$17.97 |
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-0.360(1.96%) |
Mkt cap ! $55.32B |
Open | High | Low | Value | Volume |
$18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 104054 | $17.96 |
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Price($) | Vol. | No. |
---|---|---|
$18.07 | 4370 | 1 |
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No. | Vol. | Price($) |
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2 | 3800 | 17.960 |
11 | 1487 | 17.950 |
3 | 6628 | 17.930 |
1 | 1500 | 17.920 |
28 | 7848 | 17.900 |
Price($) | Vol. | No. |
---|---|---|
18.070 | 4370 | 1 |
18.080 | 270 | 1 |
18.140 | 1700 | 2 |
18.150 | 100 | 1 |
18.160 | 100 | 1 |
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