Fortescue Metals Group Limited (ASX: FMG)
Australia
· Delayed Price · Currency is AUD | Market Cap | 78.93B |
| Revenue (ttm) | 42.29B |
| Net Income (ttm) | 13.18B |
| Shares Out | 3.08B |
| EPS (ttm) | 4.28 |
| PE Ratio | 8.88 |
| Forward PE | 11.96 |
| Dividend | 2.08 (8.11%) |
| Ex-Dividend Date | Feb 28, 2024 |
| Volume | 2,829,912 |
| Open | 25.72 |
| Previous Close | 25.57 |
| Day's Range | 25.63 - 25.84 |
| 52-Week Range | 18.91 - 29.95 |
| Beta | 0.88 |
| Analysts | n/a |
| Price Target | 21.81 (-15.0%) |
| Earnings Date | Feb 22, 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 $25.08 billion, an increase of 4.59% compared to the previous year's $23.98 billion. Earnings were $7.13 billion, a decrease of -16.53%.
Financial numbers in USD Financial StatementsNews
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?
Independent expert denies bias in blockbuster Fortescue case
The silk representing Fortescue urged the court to view clinical psychologist Jeff Nelson’s key report as unreliable.
Fortescue Metals Group's Pilbara mining activity compared to alcohol abuse in court testimony
A statue overlooking Roebourne, on Yindjibarndi country in WA's Pilbara.
Outlook for China's iron ore market remains strong amid energy transition, says Fortescue Metals CEO
Dino Otranto, CEO of Australia's Fortescue Metals, discusses the outlook for China's iron ore industry at the Boao Forum for Asia in Hainan.
Outlook for China's iron ore market remains strong amid energy transition, says Fortescue Metals CEO
Dino Otranto, CEO of Australia's Fortescue Metals, discusses the outlook for China's iron ore industry at the Boao Forum for Asia in Hainan.
Fortescue's Forrest on China, Green Energy
Andrew Forrest, Founder and Executive Chairman at Fortescue, discusses his outlook for China's macro economy, iron ore and green energy. He speaks with Stephen Engle on the sidelines of the "Boao Foru...
Fortescue conducts world's first ammonia bunker trial in Singapore
SINGAPORE - Fortescue has conducted the world's first ammonia marine bunker operation in the port of Singapore, the city-state's Maritime and Port Authority (MPA) and the Australian mining company sai...
Fortescue strikes NSW copper punt with explorer
Shares in tiny pre-revenue NSW explorer Magmatic have surged after Andrew Forrest’s Fortescue agreed to buy a 19.9 per cent stake.
ASX rallies as super funds put money to work
BHP, CSL and QBE were among the most popular stocks held by super funds last year, while Fortescue was by far the most unloved.
China slump turns Fortescue from world-beating mining stock to big loser
Earnings at the world’s fourth-largest iron ore miner is forecast to fall by 14 per cent over the next year, the worst pullback compared with peers BHP, Rio Tinto and Vale, according to analyst estima...
Profit Collapse Looms For BHP, Rio Tinto And Fortescue
The crash in prices for nickel and lithium, two key battery metals, could be a precursor to something more significant, a collapse in the price of iron ore which underpins the profits of some of the w...
Andrew ‘Twiggy’ Forrest labels Coalition push for nuclear energy ‘bulldust’ and a ‘new lie’
Mining billionaire says cost of nuclear will be four to five times that of renewables and opposition’s policy is ‘an excuse for doing nothing’ Follow our Australia news live blog for latest updates Ge...
Fortescue half-year net profit jumps 41%, reflecting higher iron ore prices
Fortescue’s First-Half Profit Jumps 41%, Beating Estimates
Fortescue Ltd.’s first-half profit surged 41%, beating estimates, after recording its second-highest iron ore shipments for the period.
Fortescue 1H Net Profit Up 41%, Raises Dividend
The iron-ore producer said its average price for iron ore was roughly US$108 a metric ton versus about US$87 a ton a year earlier.
Fortescue’s first-half profit soars 41pc
Strong iron ore prices have filled Fortescue’s coffers at a time when clean energy spending is about to rise.