Business
Is the Fortescue (ASX:FMG) share price an attractive opportunity?

Is the Fortescue Metals Group Limited (ASX: FMG) share price an attractive stock to own?
The broker Ord Minnett certainly thinks so. It has a price target on the iron ore miner of $29, which suggests potential upside of around 40% over the next 12 months.
Ord Minnett believes that the Chinese steel production will continue to remain strong for longer than expected. There’s also the possibility that non-Chinese steel production could make up for any reduction of demand from China.
The broker feels that there’s a good chance that the Fortescue share price could gain investor attention again as the iron ore price remains strong.
However, there are other brokers which don’t have such a positive outlook for the Fortescue share…
-
General21 hours ago
Young boy flown to Brisbane hospital after K’gari dingo attack
-
General7 hours ago
Byford rail extension opening marks final stage of Perth Metronet
-
General19 hours ago
British and US planes fly 12-hour mission to patrol Russian border
-
Noosa News22 hours ago
Warm weather could make way for rain with ‘damaging winds, large hail’