We covered iron ore miner FMG’s solid FY26 result here, with our view at the time still relevant today: “FMG remains a leveraged exposure to iron ore and China. We think the stock looks fair rather than compelling here.” China and iron ore have improved the backdrop this week for FMG, but not in a meaningful way for us to consider the stock for our growth portfolio.
- We like the ~6% fully franked yield as the stock finds support around $17 – MM holds FMG in the Income Portfolio.
MM is long and cautiously bullish towards FMG for income
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