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
this struck me as overly optimistic.but heck.P/E = 5.97 dividend...
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |