Fortescue (ASX:FMG) share price hits record all-time high, here’s what brokers think

The Fortescue Metals Group Limited (ASX: FMG) share price hit a record all-time high of $22.64 on Thursday. This was on the back of the iron ore spot price going from strength to strength in recent days to hit a 7-year high of US$146 per tonne. Here’s what big brokers are thinking about the Fortescue share price after its market leading performance. 

Investor and media day presentation 

A fresh round of broker and share price rating updates have come after Fortescue’s investor and media day presentation held on Wednesday. The company provided the market with FY21 guidance which included:

• 175-180 million tonnes of iron ore shipments.
• Costs of US$13.00 – US$13.50 per wet metric tonnes (wmt) on an assumed exchange rate of…