Fortescue Ltd (ASX:FMG)
Australia
· Delayed Price · Currency is AUD | Market Cap | 50.11B |
| Revenue (ttm) | 26.41B |
| Net Income (ttm) | 6.30B |
| Shares Out | 3.07B |
| EPS (ttm) | 2.04 |
| PE Ratio | 7.97 |
| Forward PE | 9.81 |
| Dividend | 1.97 (12.09%) |
| Ex-Dividend Date | Feb 26, 2025 |
| Volume | 4,958,173 |
| Average Volume | 11,795,187 |
| Open | 16.31 |
| Previous Close | 16.30 |
| Day's Range | 16.07 - 16.44 |
| 52-Week Range | 15.33 - 27.67 |
| Beta | 0.84 |
| RSI | 41.32 |
| 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]
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'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.
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.
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.
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.
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.
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.
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.
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.
FMG, Chinese fast-fashion brand Urban Revivo’s parent, eyes 20 new stores globally
Planned locations include Tokyo, London, Hong Kong and possibly Dubai, following New York launch.
Fortescue and WA government say traditional owners’ $1.8bn compensation claim is worth $8m
Yindjibarndi people allege mining giant did not get permission from native title holders, while company says community ‘disharmony’ is not its fault Follow our Australia news live blog for latest upda...
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...