Fortescue Metals Group Limited (ASX: FMG)
Australia
· Delayed Price · Currency is AUD | Market Cap | 67.43B |
| Revenue (ttm) | 41.26B |
| Net Income (ttm) | 12.81B |
| Shares Out | 3.08B |
| EPS (ttm) | 4.15 |
| PE Ratio | 7.62 |
| Forward PE | 11.96 |
| Dividend | 2.08 (9.49%) |
| Ex-Dividend Date | Feb 28, 2024 |
| Volume | 4,301,439 |
| Open | 21.60 |
| Previous Close | 21.57 |
| Day's Range | n/a |
| 52-Week Range | 19.28 - 29.95 |
| Beta | 0.92 |
| Analysts | n/a |
| Price Target | 21.11 (-3.7%) |
| Earnings Date | Aug 28, 2024 |
About Fortescue Metals Group
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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It also develops and produces the Eliwana mine ... [Read more]
Financial Performance
In 2023, FMG's revenue was $16.66 billion, an increase of 1.02% compared to the previous year's $16.49 billion. Earnings were $4.80 billion, a decrease of -22.58%.
Financial numbers in USD Financial StatementsNews
Fortescue, Playground-backed hydrogen flight start-up collapses
Universal Hydrogen had attracted almost $150 million in funding, including from Aussie Peter Barrett’s Playground Global, but it wasn’t enough for it to take flight.
New chapter for ex-Fortescue boss as Fiona Hick starts at Evolution
Fiona Hick – the Fortescue iron ore boss that Andrew Forrest accused of not wanting to ride on his big green bus – has joined the board of Evolution Mining.
Fortescue should face EPA audit, native title group claims
Fortescue’s stoush with the Yindjibarndi people has deepened, with the native title group asking the WA government to review permits for the Solomon mining hub.
Andrew Forrest says Coalition’s abandonment of 2030 emissions target would ‘decimate’ economy
Mining magnate says investors need ‘certainty of what government policies are’ as Coalition climate policy comes under increasing scrutiny Follow our Australia news live blog for latest updates Get ou...
Monster $1.1b block trade in Fortescue; JPMorgan on ticket
A big fund manager sent JPMorgan out to find buyers for a billion-dollar sell-down of Fortescue after the closing bell.
Fortescue’s British Formula 1 car designer loses chief executive
The Williams Advanced Engineering boss is the latest executive to exit Andrew Forrest’s empire. WAE is central to the company’s batteries ambitions.
Top executive quits in latest Fortescue blow
Julie Shuttleworth, one of Andrew Forrest’s most trusted lieutenants for more than a decade, has resigned from the company.
FMG selects Guidewire Cloud to power its core business
Fortescue accuses former execs of green iron IP breach
Andrew Forrest’s company has launched legal action against two of the architects of its clean energy pivot over claims they copied a green iron technology.
Fortescue Excluded From World’s Biggest Hydropower Plant Development
A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s...
Andrew Forrest’s Fortescue is now a software firm as well
Fortescue has signed a deal to sell software to Jaguar Land Rover’s electric vehicles, as the iron ore giant’s energy arm branches out in new directions.
Fortescue, Woodside find common ground on green hydrogen
Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.
After losing a deal, Stokes’ newspaper pursued Forrest
The West Australian published dozens of critical articles about Fortescue’s founder after he refused to buy trucks from a related company.
Fortescue starts work on $550M Arizona renewable liquid hydrogen project
Australia's Fortescue turns soil at US renewable liquid hydrogen project
Australia's Fortescue group turned the soil at its US project, slated to produce up to 11,000 mt/year of liquid renewable hydrogen, strategically positioned to replace diesel for heavy-duty transporta...
Forrest accuses US of sacrificing green dream to fossil fuel lobby
Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin a $836 million green hydrogen project in Arizona.
Actis-Fortescue consortium awarded rights to develop green hydrogen project in Oman
Actis and Fortescue awarded rights to develop major green hydrogen project in Oman
Iron ore prices surge as Fortescue shipments slide on derailment, weather
Iron ore futures rise to seven-week highs as Fortescue forecasts lower shipments, while real estate crisis in China continues.
Fortescue playing catch up on iron ore shipments
Fortescue is adamant it can hit the lower end of guidance for iron ore shipments in 2023-24, despite its problems over the past three months.
Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of Guidance
Fortescue expects annual iron-ore shipments at the lower end of its prior forecast range after an ore car derailment and bad weather affected its operations in the third quarter.
Fortescue slams Biden administration’s green hydrogen tax rules
The Andrew Forrest-chaired iron ore major has ambitious plans to become a force in renewable energy. But proposed US rules would stifle growth, it warns.
KBR green ammonia technology selected for Fortescue's Norway project
Forrest met YAC leader in a park to conclude $1b dispute
Fortescue’s billionaire founder boss Andrew Forrest met Yindjibarndi Aboriginal Corporation leader Michael Woodley in a Perth park to resolve the legal dispute.
Fortescue: An Iron Ore Giant With Strong Cash Flows
Fortescue Metals showcases solid performance, boasting a 25% surge in stock price, 30% total return, strong cash flow, and low production costs. Read more here.
‘Absolutely hated’: Why so many stockpickers are avoiding Fortescue
The iron ore major ranks among the largest stocks on the index – and one of its best performers – so why is it so disliked by stock pickers and brokers alike?