As was the case last quarter, yearly equity performances of 19 selected Australian listed iron ore juniors (plus FMG) have been consistent with or outperformed the broader market: prices have risen an average 14% in the past 12 months, 34% over the past three months, and 8% over the past 1 month. The companies’ share prices, on average, are 32% below their 12-month highs but 304% above their 12-month lows.
The best performer on our list was Emergent Resources (ASX:EMG), up 254% YoY after fast-tracking its Beyondie magnetite project in mid-west WA. Strong gains were also made by another magnetite play, Iron Road Limited (ASX:IRD), which rose 642% in 6 months after exploration success at its Warramboo project in SA. The largest company on the list, Fortescue, is down 30% for the year but is 236% above its yearly low.
