Fortescue Ltd (ASX:FMG)
Australia · Delayed Price · Currency is AUD | Market Cap | 44.29B -32.3% |
| Revenue (ttm) | 24.52B +9.2% |
| Net Income | 4.15B -14.9% |
| EPS | 1.35 -15.0% |
| Shares Out | 3.08B |
| PE Ratio | 10.70 |
| Forward PE | 17.29 |
| Dividend | 1.08 (7.50%) |
| Ex-Dividend Date | Sep 1, 2026 |
| Volume | 4,570,735 |
| Open | 14.25 |
| Previous Close | 14.27 |
| Day's Range | 14.21 - 14.41 |
| 52-Week Range | 14.13 - 23.38 |
| Beta | 0.69 |
| Analysts | Hold |
| Price Target | 15.75 (+9.38%) |
| Earnings Date | Oct 21, 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; power system integrating solar and wind generation, battery energy storage systems, firming capability, and high voltage transmission infrastructures. The also company focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as g... [Read more]
Financial Performance
In fiscal year 2026, Fortescue's revenue was $16.97 billion, an increase of 9.17% compared to the previous year's $15.54 billion. Earnings were $2.87 billion, a decrease of -14.91%.
Financial numbers in USD Financial StatementsAnalyst Summary
According to 17 analysts, the average rating for FMG stock is "Hold." The 12-month stock price target is $15.75, which is an increase of 9.38% from the latest price.
News
Fortescue Transcript: AGM 2026
FY2026 delivered record iron ore shipments, $8.6bn underlying EBITDA and a $1.08 dividend. Plans center on renewable power, electrified mining and diversified growth, while China negotiations and investment risks drew shareholder scrutiny.
Fortescue Slides: FY 2026
Fortescue has posted slides in relation to its FY 2026 quarterly earnings report, which was published on October 27, 2026.
Australia's PLS signs 20-year power deal with Fortescue unit for Pilgangoora lithium mine
Australia's PLS Group signed a 20-year power purchase agreement with FMG Clean Energy on Wednesday, owned by iron ore miner Fortescue , to meet growing power demand at its Pilgangoora operation
Fortescue Warns of Output Guidance Cut If China Talks Aren't Concluded Soon
Fortescue, one of the world's biggest iron-ore miners held guidance steady for shipments for the 12 months through June, but said the outlook hinged on securing a deal with China Mineral Resources Gro...
Australia's Fortescue posts 6% fall in quarterly iron ore shipments
Fortescue , Australia's third-largest miner, posted a 6% decline in first-quarter iron ore shipments on Thursday due to maintenance activity including scheduled port outload shutdowns, underlining a h...
Fortescue Earnings release: Q1 2027
Fortescue released its Q1 2027 earnings on October 21, 2026, summarizing the period's financial results.
Australian miner Fortescue fires senior executive after sexual harassment probe
Fortescue , Australia's third-largest miner, said on Wednesday it fired a senior executive following an investigation into allegations of sexual harassment and bullying.
Jump Integrates with FMG to Surface Content
The integration is meant to assist advisors in more quickly finding compliance-approved content recommendations based on client meeting discussions.
FMG interns withdraw from duties over stipend disparity
Foreign medical graduate interns in Telangana withdraw from hospital duties over stipend disparity, demanding parity and arrears; protest planned Oct 14.
‘Redistributing my wealth’: Nicola Forrest unveils $500m fund
The philanthropist and Rich Lister has tipped 25 million Fortescue shares and $125 million of cash into her Coaxial Foundation to kickstart her giving strategy.
Mining giant Fortescue sues over trouble-plagued pipeline
The companies have remained tight-lipped about the damages being sought, but the miner in 2024 forecast its share of remediation costs could top $143 million.
Fortescue downsizes NY asset management arm as green ambitions stall
Fortescue Capital was supposed to be an in-house division for sovereign wealth funds investing in the miner’s clean energy projects. It’s now being pruned.
Fortescue Ltd. upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Fortescue Ltd. (FSUMF) to Hold from Underperform with an unchanged price target of A$16.
Fortescue Earnings Call Transcript: H2 2026
Record shipments and strong cost discipline drove a 9% rise in revenue and EBITDA, with robust free cash flow and a maintained 65% dividend payout. Major investments in decarbonization, renewables, and copper projects support future growth, while AI and operational efficiency continue to deliver cost savings.
Fortescue Earnings release: H2 2026
Fortescue released its H2 2026 earnings on August 19, 2026, summarizing the period's financial results.
Fortescue Slides: H2 2026
Fortescue has posted slides in relation to its H2 2026 quarterly earnings report, which was published on August 19, 2026.
Fortescue Annual report: H2 2026
Fortescue has published its H2 2026 annual report on August 19, 2026.
Fortescue reports 5% fall in fourth-quarter iron ore shipments
Australian miner Fortescue posted a 5% drop in fourth-quarter iron ore shipments on Friday, hurt by subdued performance at Hematite operations.
Fortescue Earnings release: Q4 2026
Fortescue released its Q4 2026 earnings on July 30, 2026, summarizing the period's financial results.
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.
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…
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.