Fortescue Ltd (ASX:FMG)

Australia flag Australia · Delayed Price · Currency is AUD
15.51
-0.38 (-2.39%)
May 23, 2025, 4:10 PM AEST
-43.19%
Market Cap 47.69B
Revenue (ttm) 26.41B
Net Income (ttm) 6.30B
Shares Out 3.07B
EPS (ttm) 2.04
PE Ratio 7.59
Forward PE 9.86
Dividend 1.97 (12.70%)
Ex-Dividend Date Feb 26, 2025
Volume 6,459,483
Average Volume 6,855,808
Open 15.50
Previous Close 15.89
Day's Range 15.47 - 15.74
52-Week Range 13.18 - 27.12
Beta 0.91
RSI 41.89
Earnings Date Apr 28, 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]

Sector Materials
Founded 1983
Employees 13,690
Stock Exchange Australian Securities Exchange
Ticker Symbol FMG
Full Company Profile

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 Statements

News

Fortescue Energy CEO to Resign in Executive Overhaul

Mark Hutchinson will step down as Dino Otranto, who leads the miner's metals business, assumes an expanded role.

2 days ago - WSJ

The big question behind the big changes at the top of Fortescue and Rio

The CEO changes at Fortescue and Rio go to a central question: what does the new era of growth look like for Australian mining?

3 days ago - The Australian Financial Review

Rio, Fortescue chief executives to exit in global mining sector shock

Jakob Stausholm said he would leave Rio Tinto at the end of the year, a resignation followed an hour later by Fortescue’s co-chief executive Mark Hutchinson.

3 days ago - The Australian Financial Review

Fortescue’s $6.2b Iron Bridge project hit with delays – again

Fortescue says its high-grade but troubled Iron Bridge project won’t be fully operational until 2028; half a decade later than originally expected.

3 days ago - The Australian Financial Review

‘His peers don’t like him either’: Ex-minister lashes Andrew Forrest

Ex-federal resources minister Ian Macfarlane offered a frank assessment of the Fortescue billionaire, who then responded by calling him an “old fossil fuel guy”.

3 days ago - The Australian Financial Review

China moving on from Pilbara iron ore unfit for green steel: Forrest

The Fortescue chairman said the world’s biggest iron ore importer was increasingly looking at Brazil and Africa, and local mining giants were “going down”.

4 days ago - The Australian Financial Review

Alta Copper announces non-brokered financing with Fortescue

Alta Copper raises C$1.5M through private placement to advance its 100%-owned Cañariaco copper project.

8 days ago - Seeking Alpha

Chinese fast-fashion retailer opens flagship Urban Revivo store in Hong Kong

FMG opened its flagship Urban Revivo store in Tsim Sha Tsui on Friday, taking up 8,750 sq ft of retail space in Harbour City.

8 days ago - South China Morning Post

Fortescue says Rio Tinto iron downgrade bolsters green refining case

Fortescue mining boss Dino Otranto says a downgrade to Australia’s flagship iron ore product is proof the nation must invest in more clean, domestic refining.

11 days ago - The Australian Financial Review

Big mining’s decade of inflationary pressure is ending

Market updates from Fortescue, Whitehaven and Stanmore Coal suggest production costs at Australian mines are falling after almost a decade of inflation.

26 days ago - The Australian Financial Review

American billionaire raises Fortescue lawsuit stakes to $300m

Paul Tudor Jones has been pursuing the Forrest-backed mining giant over the failure of a joint venture to redevelop coal and gas power stations in the US.

27 days ago - The Australian Financial Review

CMB.Tech NV and Fortescue Sign Landmark Agreement for Ammonia-Powered Vessel | CMBT stock news

CMB.Tech NV and Fortescue Sign Landmark Agreement for Ammonia-Powered Vessel | CMBT stock news

5 weeks ago - GuruFocus

Fortescue's Billionaire Founder on Tariffs, Copper, Climate Change

Fortescue's Andrew Forrest discusses his outlook for the commodities sector in an interview with Bloomberg Television on the sidelines of the Boao Forum in China. The billionaire founder says the mini...

2 months ago - Bloomberg Markets and Finance

Fortescue's Andrew Forrest sees caution throughout China but no lack of optimism amid U.S. tariffs

Fortescue Executive Chairman Andrew Forrest says he sees a "firm" and "resolute" purpose when it comes to leadership in China.

2 months ago - CNBC International TV

Fortescue's Andrew Forrest sees caution throughout China but no lack of optimism amid U.S. tariffs

Fortescue Executive Chairman Andrew Forrest says he sees a "firm" and "resolute" purpose when it comes to leadership in China.

2 months ago - CNBC

Mining giant Fortescue says Big Oil is getting it wrong on renewables: 'Your customers want green energy'

Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says Big Oil is getting it wrong on renewables.

2 months ago - CNBC

UBS says the market is too pessimistic about Fortescue after 11pc fall

The broker says the share price decline in the iron ore producer is stretched and is betting on the outlook for the commodity price to be resilient.

2 months ago - The Australian Financial Review

ASX 200 LIVE: UBS upgrades FMG; OPT in crisis talks after drug trial fails, shares suspended; sharemarket falls.

Shares fall; UBS neutral on Fortescue; Opthea drug trial spurs crisis talks; MinRes resumes Onslow haulage; James Hardie, Helia drop; $A, gold lower.

2 months ago - The Australian Financial Review

ASX 200 LIVE: sharemarket lifts, exits correction; BHP, Rio Tinto rally; gold stocks gain as prices hit record.

ASX higher; Genesis leaps 8pc; Macquarie tips gold hitting $US3500; iron ore rallies, boosts Fortescue; Seek a “buy”; Myer hires former David Jones CFO.

2 months ago - The Australian Financial Review

Forrest family powerbroker had alleged role in big Fortescue decisions

Evidence provided by the ASX-listed miner’s executives to a US court suggests John Hartman was deeply involved in plans to move into the US energy market.

2 months ago - The Australian Financial Review

Forrest chased US coal plant buy to ‘influence’ key Democrat senator

Internal documents suggest Fortescue considered a $200 million deal based on its relationship with a US politician, whose IRA support was crucial to it passing.

2 months ago - The Australian Financial Review