Fortescue Ltd (ASX:FMG)
Australia · Delayed Price · Currency is AUD | Market Cap | 57.01B +21.8% |
| Revenue (ttm) | 24.50B -0.0% |
| Net Income | 5.60B -4.2% |
| EPS | 1.82 -4.2% |
| Shares Out | 3.08B |
| PE Ratio | 10.19 |
| Forward PE | 11.70 |
| Dividend | 1.10 (5.99%) |
| Ex-Dividend Date | Mar 2, 2026 |
| Volume | 3,947,957 |
| Open | 18.55 |
| Previous Close | 18.36 |
| Day's Range | 18.52 - 18.83 |
| 52-Week Range | 15.94 - 23.38 |
| Beta | 0.75 |
| Analysts | Sell |
| Price Target | 19.19 (+3.62%) |
| Earnings Date | Aug 25, 2026 |
About Fortescue
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company explores for copper and lithium deposits; and rare earth elements. It owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as green technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 20... [Read more]
Financial Performance
In fiscal year 2025, Fortescue's revenue was $15.54 billion, a decrease of -14.70% compared to the previous year's $18.22 billion. Earnings were $3.37 billion, a decrease of -40.65%.
Financial numbers in USD Financial StatementsAnalyst Summary
According to 17 analysts, the average rating for FMG stock is "Sell." The 12-month stock price target is $19.19, which is an increase of 3.62% from the latest price.
News
Fortescue served with class action alleging sexual harassment, discrimination
Fortescue on Monday said it had been served with a class action on behalf of current and former female employees alleging sexual harassment and sex discrimination.
China chips away at iron ore miners' power
First BHP, now Fortescue has Beijing pausing some purchases during contract talks, despite founder Andrew Forrest touting ties to their top client. Canberra is concerned about the country's main expor...
Fortescue’s China strategy clouded by iron ore ban reports
The Andrew Forrest-led miner’s policy to placate Beijing has failed to prevent a reported sales ban, while Wall Street bank Goldman Sachs downgraded its stock.
Fortescue Metals downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Paul Young downgraded Fortescue Metals (FSUGY) to Sell from Neutral with a A$16.90 price target The firm sees headwinds to the company’s cash flow from rising mine…
Listen to The Country: FMG Young Farmer of the Year MC, Te Radar
Hamish McKay talks to Te Radar, Andrew Hoggard, Sandra Faulkner, Nick Carr, Phil Duncan.
Fortescue (FSUMF) Faces Delays as Iron Ore Negotiations with China Stall
Fortescue (FSUMF) Faces Delays as Iron Ore Negotiations with China Stall
Afternoon Update: Liberal denies assaulting Deeming; Stefanovic interview fallout continues; and finding Libya’s sand cat
Want to get this in your inbox every weekday? Sign up for the Afternoon Update here , and start your day with our Morning Mail newsletter . Good afternoon. Victorian Liberal MP Moira Deeming has accus...
Fortescue target of sexual harassment class action over mining site culture
Law firm JGA Saddler alleges that former staff say they have endured bullying and sexist remarks at remote fly in, fly out camps in WA’s Pilbara region.
Fortescue class action: female workers claim sexual harassment at remote mine sites
One woman says she found man in her room at WA fly-in, fly-out accommodation while another states she was ‘howled’ at, federal court told Follow our Australia news live blog for latest updates Get our...
CMB.Tech (CMBT) Secures Major Charter Deal with Fortescue
CMB.Tech (CMBT) Secures Major Charter Deal with Fortescue
Why Australian miners are wary of China’s big squeeze on iron ore
The risk for BHP, Rio Tinto and Fortescue is not a sudden collapse in demand from Beijing. Rather, it’s a gradual erosion of their collective bargaining power.
‘Shrug it off’: What being underestimated taught this young leader
When Kristen Pelc became Fortescue’s youngest head of corporate development, she had to execute its first acquisition. That wouldn’t be her only challenge.
Fortescue's Mark Barnaba on Iran, Rates and China
Fortescue Deputy Chairman Mark Barnaba discusses rising costs from the Iran war, China's growing influence and the miner's push to replace diesel with renewable energy. Barnaba speaks with Bloomberg's...
Fortescue Earnings Call Transcript: Q3 2026
Record iron ore shipments and robust cash flow were achieved despite weather disruptions. Decarbonization and green energy investments are accelerating, with strong demand from industrial and data center customers. Portfolio optimization and cost discipline remain key priorities.
Fortescue Earnings release: Q3 2026
Fortescue released its Q3 2026 earnings on April 23, 2026, summarizing the period's financial results.
Australia's Fortescue to fast-track diesel elimination plans at Pilbara
Australia's Fortescue said on Friday it was expediting the rollout of an off-grid green energy system to eliminate fossil fuels, particularly diesel, from Pilbara mining operations.
Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says
Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday.
Decarbonization shift is paying off amid fuel security uncertainty: Fortescue Metals CEO
Dino Otranto, CEO of Fortescue Metals, joins Squawk Box Asia to discuss how the Iran war is affecting the company's operations, and why periods of fuel insecurity underscore the urgency of decarboniza...
Alta Copper issues update on Fortescue Metals transaction
Alta Copper announced that Nascent Exploration, a wholly-owned subsidiary of Fortescue, has received notice from the Director of Investments under the Investment Canada Act pursuant to section 25.2(4)...
Fortescue Earnings Call Transcript: H1 2026
Record first half shipments and strong cost discipline drove a 23% increase in EBITDA and NPAT, with robust cash flow and a higher interim dividend. Decarbonization and critical minerals diversification advanced, while the balance sheet remains strong for future growth.
Fortescue Quarterly report: H1 2026
Fortescue has published its H1 2026 quarterly earnings report on February 24, 2026.
Fortescue Slides: H1 2026
Fortescue has posted slides in relation to its H1 2026 quarterly earnings report, which was published on February 24, 2026.
Fortescue Earnings release: H1 2026
Fortescue released its H1 2026 earnings on February 24, 2026, summarizing the period's financial results.
Fortescue Metals price target lowered to A$17.20 from A$18.40 at Jefferies
Jefferies analyst Mitch Ryan lowered the firm’s price target on Fortescue Metals (FSUGY) to A$17.20 from A$18.40 and keeps an Underperform rating on the shares after making a mid-quarter update…
Mining stocks have been on a tear, with gold passing $5,000. Analysts are split on what's next
Investors have been bullish on mining stocks, led by gold and silver's surges. However, appetite has cooled over the past six months, according to a Citi note that shows 'Buy' ratings have dipped.