Where to buy Fortescue Metals stock– will the commodity boom continue?
Fortescue Metals (ASX:FMG) bounces from the lows as investors are attracted by a healthy dividend yield.
Fortescue Metals is involved in the exploration, processing and sale of iron ore in Australia. It is also engaged in the exploration of gold and copper deposits, operating on different continents with activities in China, Ecuador, or Argentina.
Headquartered in Perth, Australia, Fortescue Metals is one of the companies that benefited the most from the recent commodity boom. Commodity prices have had one of the greatest starts of a trading year, fueled by growing demand as the world’s economic recession triggered by the COVID-19 pandemic comes to an end.
Where Can I Buy Fortescue Metals (ASX:FMG) Stock?Copy link to section
eToroCopy link to section
eToro is a leading online broker offering access to thousands of financial instruments in the form of CFD (Contracts for Difference) trading mostly. One can buy cryptocurrencies, stocks, ETFs, or indices with no limits on commission-free trades.
Looking to invest?
Invest and trade CFD stocks, ETFs, digital assets & commodities in minutes with our highest-rated broker.
OBRCopy link to section
OBR Invest offers one of the most competitive trading platform for CFDs available to the online retail trader. Investors may choose from a vast array of financial products, having access to the most popular stocks in the world, but also to commodities and currencies.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Hefty Dividend Yield from Fortescue MetalsCopy link to section
As an iron ore producer, Fortescue Metals depends on the cyclical nature of commodity prices. As commodities had a great start of the trading year, the company keeps its high dividend yield and has a relatively low price/earnings ratio when compared to other stocks.
Fortescue Metals is one of the most exciting stocks to buy in June because of the exponential growth in earnings and the rise in commodity prices. The hefty dividend yield is just another reason to own the stock, as the recent pullback looks to be done.
Finally, the monetary policy in Australia remains accommodative, as signaled by the central bank today. Because of the yield curve control measures and the ongoing easy monetary policy, stocks are supported on every dip. As such, Fortescue Metal is a stock to buy, giving the dividend, the prospective growth, and the monetary policy in place.