Fortescue Ltd (ASX:FMG)
Australia
· Delayed Price · Currency is AUD | Market Cap | 57.34B |
| Revenue (ttm) | 26.41B |
| Net Income (ttm) | 6.30B |
| Shares Out | 3.07B |
| EPS (ttm) | 2.04 |
| PE Ratio | 9.12 |
| Forward PE | 11.46 |
| Dividend | 1.97 (10.56%) |
| Ex-Dividend Date | Feb 26, 2025 |
| Volume | 13,536,778 |
| Average Volume | 7,082,554 |
| Open | 18.50 |
| Previous Close | 18.24 |
| Day's Range | 18.15 - 18.95 |
| 52-Week Range | 15.88 - 28.54 |
| Beta | 0.88 |
| RSI | 45.55 |
| Earnings Date | Feb 17, 2025 |
About Fortescue
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was... [Read more]
Financial Performance
In 2024, Fortescue's revenue was $18.22 billion, an increase of 8.00% compared to the previous year's $16.87 billion. Earnings were $5.68 billion, an increase of 18.45%.
Financial numbers in USD Financial StatementsNews
Fortescue Profit Plunges as China’s Iron Ore Demand Declines
Fortescue Ltd.’s first-half profit plunged by 53% from the year before as demand for iron ore from biggest consumer China softened.
Aboriginal group seeks $1.1bn for mining damages
MELBOURNE - An Aboriginal group is seeking A$1.8 billion (US$1.1 billion) in compensation from from Western Australia after the state government allowed Fortescue to mine for iron ore without a land u...
Fortescue board hires former HSBC boss Noel Quinn
The iron ore miner and hydrogen hopeful has recruited a second British establishment figure by bringing on the former banker as a non-executive director.
Why we stand up for our native title rights against Fortescue
With fair compensation for the impact of mining on our country, our people will be in a strong position to achieve even greater economic and cultural results in the decades to come.
Directors warn of investment delays amid Trump, election uncertainty
Company directors from Macquarie, Fortescue, Dexus, Perpetual and Prospa say Donald Trump and the upcoming election will lead to projects being delayed or paused.
ASX 200 LIVE: ASX to reset record as BHP, Fortescue rise; Origin lowers LNG guidance; Apple profit rises
Miners lead ASX to new record; Magellan sell-off extends. Netwealth CFO exits; Origin drops LNG forecasts; Aus CEO exits Resmed; Lendlease to sell Capella.
Fortescue offers $254m for nearby Pilbara iron ore deposit
Billionaire Andrew Forrest’s Fortescue has secured the backing of deposit owner Red Hawk’s board with an all-cash offer.
ASX 200 LIVE: Australian shares fell as DeepSeek challenges AI; Elon Musk accuses DeepSeek of lying; Di Pilla’s DigiCo REIT shares crash.
AI, tech stocks tumble. Di Pilla’s DigiCo drops 13pc. Fortescue snaps up Red Hawk. Newmont offloads gold mine. Bitcoin plunges.
Fortescue Energy CEO says green hydrogen cost is key as demand drops
Replacing fossil fuels with green hydrogen depends on creating demand by making it price competitive, as buyers are unwilling to pay "green premiums", Fortescue Energy CEO Mark Hutchinson told Reuters...
We think decarbonization makes economic sense, says Fortescue CEO
Mark Hutchinson, CEO of Fortescue, discusses decarbonization and business strategy with CNBC.
Fortescue posts record tonnes as tariff threat hangs over iron ore
Shares in Australia’s top three iron ore miners have fallen since US President Donald Trump threatened to impose 10 per cent tariffs on China.
Fortescue’s Iron Ore Exports Edge Up With Guidance Unchanged
Fortescue Ltd.’s iron ore shipments rose 1% last quarter from the year before, adding to concern the world’s biggest producers of the steel-making material are fueling a supply glut as Chinese demand ...
ASX 200 LIVE: Myer shareholders back merger with Peter Alexander, JayJays parent. Trump meme coin price rallies; ASX falls despite Stargate AI fueled tech rally.
Shares slip; Praemium inflows double; shareholders back Myer-Premier deal; Fortescue’s record quarter; Bain lobs new Insignia bid; meme coins a mixed bag.
Why this exec allows colleagues to see everything in her diary
Sinead Booth, group manager of decarbonisation delivery at Fortescue Metals, is one of the 2024 BOSS Young Executives. She practises radical transparency when it comes to her calendar.
Exxon Mobil Sues California AG Over Defamation Of Recycling Efforts, Citing Ties To Competitors
Exxon Mobil Corp . (NYSE: XOM) filed a federal lawsuit Monday against California Attorney General Rob Bonta and environmental groups, alleging defamation of its advanced plastics recycling initiative...
ASX 200 LIVE: Australian shares rose on Thursday. Aristocrat Leisure, CSL lead in index higher while Fortescue falls. Bitcoin tops $US102,000.
Australian shares rise on improved consumer confidence. Insignia dips; iron ore gloom weighs on Fortescue, Rio. Bitcoin tops $US102,000.
ASX 200 LIVE: Australian shares rose on Thursday. Technology leads index higher while Fortescue falls. 4DMedical soars. Bitcoin tops $US101,000.
Australian share close higher as tech rallies.4DMedical leaps 15pc. IDP shares soar. Iron ore gloom weighs on Fortescue. Bitcoin tops $101,000.
I sent Andrew Forrest 50 hard questions. He invited me to have a talk
After months of reporting, and only carefully worded written responses from Fortescue, I found myself with the iron ore billionaire on the company jet in the Pilbara.
The Power of One: Inside Forrest’s Fortescue
A Financial Review investigation tracks the chaos, outbursts and questionable decisions that led to an exodus of executives.
Fortescue’s Game of Thrones moment
When the firm’s troubled Iron Bridge mine blew its budget and fell behind schedule, Andrew Forrest called a meeting likened to the series’ “red wedding” scene.
Inside the ‘unending chaos’ at Andrew Forrest’s Fortescue
After a frenetic world tour, the billionaire had to wind back his hydrogen plans. A Financial Review investigation looks at what led to an exodus of executives.
Fortescue executive chairman Andrew Forrest in his own words
After The Australian Financial Review sent 50 questions following an investigation, the iron ore billionaire and green energy advocate sat down for an interview.
Mercurial Forrest is approaching a vital moment at Fortescue
In coming years, Andrew Forrest must juggle growing pressure on his flagship iron ore business, a capital-hungry decarbonisation program, and a push into green iron.
Fortescue: Weighed Down By Bleak Iron Ore Outlook, But Fundamentals Remain Strong
Forrest makes ‘dollars and cents’ appeal to climate sceptic Trump
The US president-elect has already reached out to the Fortescue boss, who has switched from environmental rhetoric to the language of economic rationalism.