Tag: FMG:ASX

FMG:ASX is under Algo Engione buy conditions. Buying momentum is increasing, and the pivot low is in place at $23.43

FMG:ASX is under Algo Engione buy conditions. Buying momentum is increasing, and the pivot low is in place at $23.43

FMG:ASX is among the best-performing stocks across our model portfolios, with the share price up 220% since being added back in mid-2019.

The 1HFY21 earnings result was in line with consensus. Revenue US$9.4bn, Net profit US$4.1bn. Dividend which has come in at A$1.47ps (80% payout).

FY21 shipment guidance has been increased slightly to 178-182mt.