Business
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…
-
Noosa News12 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General18 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News19 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News19 hours agoDetectives continue to search for answers on Crystal Beale’s death