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VALE - An 8.7% Dividend Huge Buyback Program And A Pure-Play Iron Ore Stock: Fortescue Metals Group
VALE S.A. American Depositary Shares Each Representing one
Fortescue, An Australia Iron Ore Pure Play, Is Attractive As a Value Stock
Fortescue Metals Group, (OTCQX:FSUGY) (OTCQX:FSUMF) a US$17.6 billion market cap iron ore stock (listed on the Australian Stock Exchange under the symbol "FMG" and which is listed on Bloomberg as "FMG AU" or "FMG.AU), is deeply undervalued. Based on my analysis, detailed below, the stock is estimated to be worth 18% more than the present price. My price target is A$9.75 per ordinary share or $13.48 per ADR.