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fortescue shares rebound as analysts predict iron ore price stabilization

UBS believes the market is overly pessimistic about Fortescue, which saw an 11% drop in shares. The company's iron ore quality is improving with new mines like Iron Bridge, and UBS forecasts iron ore prices to stabilize between $90 and $100 per tonne over the next five years. Despite a slight reduction in share price targets, UBS maintains that the market's expectations for discounts on lower-grade iron ore are overstated.
UBS says the market is too pessimistic about Fortescue after 11pc fall
United States Dollar Fortescue Ltd AUS Sean Sequeira Sam Berridge
Finance & Economy, Market Report
09:23 24.03.2025
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