Business
Why has Fortescue Metals (ASX:FMG) outperformed BHP and Rio Tinto? – The Market Herald
Fortescue Metals (ASX:FMG) has emerged as the pick of the litter among our iron ore giants in light of the COVID-19 pandemic.
- Fortescue Metals (FMG) has emerged as the pick of the litter among our iron ore giants since COVID-19 struck
- The company has outperformed Rio Tinto and BHP, which are the other major listed iron ore producers
- Fortescue’s success can largely be attributed to its strong earnings over the June 2020 quarter
- The company has also benefitted from a lack of exposure to the weakened oil price
- Analysts generally seem happy to let FMG shares sit for now, though UBS i…
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