Skip to Content

Fortescue Metals Group (FMG) $20.20

FMG rallied +4% from its opening print yesterday morning after trading ex-dividend $1 fully franked, an impressive performance for a stock that’s struggled over recent weeks due to ructions within senior management with 3 high ranking individuals including its CEO and CFO leaving in the past week and no reasons given – it feels all a touch too hard at the moment.

  • We already have iron ore exposure in our Flagship Growth (BHP/MIN) and Active income Portfolios (BHP) with FMG not tempting us even after its recent underperformance and uncertainty in management.
MM is currently neutral toward FMG
Add To Hit List
image description
Fortescue Metals (FMG)
image description

Relevant suggested news and content from the site

Back to top