Fortescue Ltd (ASX: FMG)

Australia flag Australia · Delayed Price · Currency is AUD
19.55
+0.05 (0.26%)
Nov 8, 2024, 4:10 PM AEST
-16.31%
Market Cap 60.14B
Revenue (ttm) 27.31B
Net Income (ttm) 8.52B
Shares Out 3.08B
EPS (ttm) 2.76
PE Ratio 7.07
Forward PE 11.11
Dividend 1.97 (10.08%)
Ex-Dividend Date Sep 4, 2024
Volume 9,284,680
Open 19.98
Previous Close 19.50
Day's Range 19.51 - 20.30
52-Week Range 15.88 - 29.95
Beta 0.86
Analysts n/a
Price Target n/a
Earnings Date Oct 24, 2024

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]

Sector Materials
Founded 1983
Employees 10,164
Stock Exchange Australian Securities Exchange
Ticker Symbol FMG
Full Company Profile

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 Statements

News

Outback property the size of Sydney once coveted by Twiggy now on sale

Mining giant Fortescue has ditched plans to develop a renewable energy project on Rawlinna Station, which is Australia’s largest sheep station.

7 days ago - The Australian Financial Review

Fortescue's Africa Iron Ore Ambitions Challenged by Gnarly Terrain

The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient for export.

10 days ago - The Wall Street Journal

Fortescue's Africa Iron Ore Ambitions Challenged by Gnarly Terrain

The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient for export.

10 days ago - WSJ

Whyalla steelworks boss exits in Sanjeev Gupta shake-up

A former Fortescue Metals executive who ran the plant for two years is departing as the British industrialist sets up an urgent “Back to Black” taskforce to try to stem losses.

10 days ago - The Australian Financial Review

‘I have let you down’: Fortescue’s Hutchinson apologises to gay staff

Fortescue chairman Andrew Forrest says his leaders are required to back equality, prompting a mea culpa from energy boss Mark Hutchinson.

13 days ago - The Australian Financial Review

Fortescue’s Hutchinson breaks sex silence as Rio inks gay pride deal

He’s a director of a religious group that broadcasts a strictly hetero, gender binary view of sex, but Fortescue boss Mark Hutchinson says he loves diversity.

16 days ago - The Australian Financial Review

Fortescue Iron Ore Shipments, Costs Rise

The company reiterated an annual production forecast of between 190 million and 200 million tons for the year through June 2025.

17 days ago - WSJ

ASX 200 LIVE: Shares rise as CBA bounces, HMC Capital’s data centre plan, Newmont, Fortescue, Brambles, Reece disappoint

Australian shares open lower. Tech stocks on watch after Nasdaq slips. Di Pilla’s HMC to form $2b data centre REIT. Follow here for more.

17 days ago - The Australian Financial Review

Fortescue pushes Canberra for emissions policy review

Fortescue has warned the West Australian government against palming off responsibility for greenhouse emissions to Canberra.

19 days ago - The Australian Financial Review

Mining giant Fortescue says it's time to walk away from the 'proven fantasy' of net zero

Fortescue, the world's fourth-largest iron ore miner, has outlined plans to stop burning fossil fuels across its Australian iron ore operations by 2030.

5 weeks ago - CNBC

Time to walk away from the proven fantasy of net zero by 2050, Fortescue chair says

Andrew Forrest, founder and executive chairman of Fortescue, discusses the energy transition and says its time to walk away from the proven fantasy of net zero by 2050.

5 weeks ago - CNBC

Big Chinese stimulus juices metals, and Fortescue announces plans to buy 100 electric trucks

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.

6 weeks ago - Kitco

Fortescue CEO on $2.8 Billion Green Equipment Deal

Fortescue founder Andrew Forrest discusses zero emission mining solutions and says, “We're going to green iron ore within a few years.” He speaks on Bloomberg Television.

6 weeks ago - Bloomberg Markets and Finance

Fortescue signs $2.8B deal with Liebherr to electrify iron ore trucks

Fortescue (FSUMF) partners with Liebherr in $2.8B deal to electrify iron ore trucks, aiming to reduce emissions and cut diesel consumption.

6 weeks ago - Seeking Alpha

Fortescue puts words in Rio’s mouth

If any Rio Tinto shareholders think their usually understated chief is sounding a lot like Andrew Forrest, well, they’d be right.

6 weeks ago - The Australian Financial Review

Fortescue Electrifies Iron Ore Trucks in $2.8 Billion Deal

Fortescue Ltd., the world’s fourth-biggest iron ore miner, will pay $2.8 billion to replace two-thirds of its fleet of haulage trucks and equipment in Western Australia with electric versions, as it s...

6 weeks ago - Financial Post

Fortescue: A Call Option On Rebounding Iron Ore Price

Fortescue's FY 2024 was strong with $5.66B net profit, but expect pricing pressure due to lower iron ore prices and higher capex this year. The company benefits from economies of scale but faces chall...

7 weeks ago - Seeking Alpha

Alta Copper announces non-brokered financing with Fortescue

Alta Copper secures C$2.5M non-brokered private placement with Fortescue subsidiary Nascent Exploration, selling 4.63M shares at C$0.54 each.

2 months ago - Seeking Alpha

Earnings-season surprises shake up ASX short sellers

Fortescue, Woodside Energy and Pro Medicus have topped the list of companies being bet against as hedge funds rework their strategies after reporting season.

2 months ago - The Australian Financial Review

White Hydrogen Could Become Huge Revenue Source for Miners

Fortescue is a large Australian mining group that has articulated ambitious plans to become a clean energy giant, especially in the hydrogen market, where it has begun several large international gree...

2 months ago - OilPrice com

Fortescue Metals on greener products demand amid China's energy shifts

Dino Otranto, CEO of Fortescue Metals, sees the Chinese market for iron ore "maturing" across new industries and is "very encouraged" by the demand coming from the Indian market.

2 months ago - CNBC International TV

Fortescue CEO: We see 'improving' demand for greener products as China transforms its energy profile

Dino Otranto, CEO of Fortescue Metals, sees the Chinese market for iron ore "maturing" across new industries and is "very encouraged" by the demand coming from the Indian market.

2 months ago - CNBC

Fortescue sets out to meet strong Chinese demand for green iron

Australia is positioned to meet strong demand from China for green iron, Fortescue said on Wednesday as it readies a pilot plant to begin production of the product using renewable energy next year.

2 months ago - Reuters

Fortescue Annual Net Profit Rises 18%

The world’s fourth-largest iron ore producer reported an 18% rise in annual net profit helped by an increase in the price it got for sales of the steelmaking commodity.

2 months ago - The Wall Street Journal