Fortescue Ltd (ASX: FMG)
Australia
· Delayed Price · Currency is AUD | Market Cap | 55.71B |
| Revenue (ttm) | 27.31B |
| Net Income (ttm) | 8.52B |
| Shares Out | 3.08B |
| EPS (ttm) | 2.76 |
| PE Ratio | 6.55 |
| Forward PE | 10.14 |
| Dividend | 1.97 (11.10%) |
| Ex-Dividend Date | Sep 4, 2024 |
| Volume | 5,403,346 |
| Open | 17.87 |
| Previous Close | 17.75 |
| Day's Range | 17.81 - 18.15 |
| 52-Week Range | 15.88 - 29.95 |
| Beta | 0.86 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Oct 24, 2024 |
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
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.
Mining stocks whacked as iron ore slumps towards $US100
Shares in Fortescue dropped 7.3 per cent and BHP fell 4.1 per cent as China’s underwhelming stimulus package weighed on iron ore prices.
Outback property the size of Sydney once coveted by Twiggy now on sale
Mining giant Fortescue has ditched plans to develop a renewable energy project on Rawlinna Station, which is Australia’s largest sheep station.
Fortescue's Africa Iron Ore Ambitions Challenged by Gnarly Terrain
The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient for export.
Fortescue's Africa Iron Ore Ambitions Challenged by Gnarly Terrain
The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient for export.
Whyalla steelworks boss exits in Sanjeev Gupta shake-up
A former Fortescue Metals executive who ran the plant for two years is departing as the British industrialist sets up an urgent “Back to Black” taskforce to try to stem losses.
‘I have let you down’: Fortescue’s Hutchinson apologises to gay staff
Fortescue chairman Andrew Forrest says his leaders are required to back equality, prompting a mea culpa from energy boss Mark Hutchinson.
Fortescue’s Hutchinson breaks sex silence as Rio inks gay pride deal
He’s a director of a religious group that broadcasts a strictly hetero, gender binary view of sex, but Fortescue boss Mark Hutchinson says he loves diversity.
Fortescue's record high Q1 iron ore shipments hit by cost pressures
Fortescue Iron Ore Shipments, Costs Rise
The company reiterated an annual production forecast of between 190 million and 200 million tons for the year through June 2025.
ASX 200 LIVE: Shares rise as CBA bounces, HMC Capital’s data centre plan, Newmont, Fortescue, Brambles, Reece disappoint
Australian shares open lower. Tech stocks on watch after Nasdaq slips. Di Pilla’s HMC to form $2b data centre REIT. Follow here for more.
Fortescue pushes Canberra for emissions policy review
Fortescue has warned the West Australian government against palming off responsibility for greenhouse emissions to Canberra.
Mining giant Fortescue says it's time to walk away from the 'proven fantasy' of net zero
Fortescue, the world's fourth-largest iron ore miner, has outlined plans to stop burning fossil fuels across its Australian iron ore operations by 2030.
Time to walk away from the proven fantasy of net zero by 2050, Fortescue chair says
Andrew Forrest, founder and executive chairman of Fortescue, discusses the energy transition and says its time to walk away from the proven fantasy of net zero by 2050.
Big Chinese stimulus juices metals, and Fortescue announces plans to buy 100 electric trucks
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Fortescue CEO on $2.8 Billion Green Equipment Deal
Fortescue founder Andrew Forrest discusses zero emission mining solutions and says, “We're going to green iron ore within a few years.” He speaks on Bloomberg Television.
Fortescue signs $2.8B deal with Liebherr to electrify iron ore trucks
Fortescue (FSUMF) partners with Liebherr in $2.8B deal to electrify iron ore trucks, aiming to reduce emissions and cut diesel consumption.
Fortescue puts words in Rio’s mouth
If any Rio Tinto shareholders think their usually understated chief is sounding a lot like Andrew Forrest, well, they’d be right.
Fortescue Electrifies Iron Ore Trucks in $2.8 Billion Deal
Fortescue Ltd., the world’s fourth-biggest iron ore miner, will pay $2.8 billion to replace two-thirds of its fleet of haulage trucks and equipment in Western Australia with electric versions, as it s...
Fortescue: A Call Option On Rebounding Iron Ore Price
Fortescue's FY 2024 was strong with $5.66B net profit, but expect pricing pressure due to lower iron ore prices and higher capex this year. The company benefits from economies of scale but faces chall...
Alta Copper announces non-brokered financing with Fortescue
Alta Copper secures C$2.5M non-brokered private placement with Fortescue subsidiary Nascent Exploration, selling 4.63M shares at C$0.54 each.
Earnings-season surprises shake up ASX short sellers
Fortescue, Woodside Energy and Pro Medicus have topped the list of companies being bet against as hedge funds rework their strategies after reporting season.
White Hydrogen Could Become Huge Revenue Source for Miners
Fortescue is a large Australian mining group that has articulated ambitious plans to become a clean energy giant, especially in the hydrogen market, where it has begun several large international gree...
Fortescue Metals on greener products demand amid China's energy shifts
Dino Otranto, CEO of Fortescue Metals, sees the Chinese market for iron ore "maturing" across new industries and is "very encouraged" by the demand coming from the Indian market.
Fortescue CEO: We see 'improving' demand for greener products as China transforms its energy profile
Dino Otranto, CEO of Fortescue Metals, sees the Chinese market for iron ore "maturing" across new industries and is "very encouraged" by the demand coming from the Indian market.