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Australian Broker Call Report
FMGTARGET PRICE $13.50 |
Underperform14 May 2024 Macquarie |
At the Macquarie Conference 18 companies across the resource and mining sector presented. The broker reports, common themes were attractive long-term fundamentals in most markets; ... |
FMGTARGET PRICE $20.63 |
Sell30 Apr 2024 Bell Potter |
Fortescue reported iron ore shipments for the March 2024 quarter of 43.3mt compared with guidance of 48.6mt at the midpoint. Costs were contained below the top of the guidance range but Bell Potter ... |
FMGTARGET PRICE $22.30 |
Sell29 Apr 2024 UBS |
While Fortescue reported in line shipments for its March quarter, UBS notes it was unsurprising that the company revised its full year guidance to the lower end of its range. ... |
FMGTARGET PRICE $23.50 |
Neutral26 Apr 2024 Citi |
A train derailment and adverse weather contributed to a -12% miss against Citi's forecast for hematite shipments in the March quarter, and realised prices were a modest miss. While FY24... |
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