3 reasons why the Fortescue share price could still be a buy
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The Fortescue Ltd (ASX: FMG) share price is still materially lower than it was in February 2025, it’s down around 20% as the chart below shows. A lower valuation could be a good time to invest.
ASX mining shares, particularly ASX iron ore shares, have demonstrated a history of volatility and a somewhat cyclical nature. I think there’s a fair chance that Fortescue could be undervalued on a medium-term basis.
As one of the biggest iron ore companies in the world, it is very aligned with the iron ore price and demand from China. I think the following three reasons explain why the Fortescue share price is underrated.
Iron ore price remains solid
The current iron ore price is at a level where Fortescue can still…
