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Australian Broker Call Report


FMG

TARGET PRICE $13.50

Underperform

14 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; ...


FMG

TARGET PRICE $20.63

Sell

30 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 ...


FMG

TARGET PRICE $22.30

Sell

29 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.  ...


FMG

TARGET PRICE $23.50

Neutral

26 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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