What does MM think about Fortescue Metals Group (FMG)?
FMG has already bounced ~50% from its November low but it’s still only trading on a P/E for 2023 for 10.3x while it’s expected to yield almost 10% over the next 12 months.

FMG has already bounced ~50% from its November low but it’s still only trading on a P/E for 2023 for 10.3x while it’s expected to yield almost 10% over the next 12 months.
FMG +5.26%: out with their first major move in the push to become carbon neutral by 2030.
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