Fortescue Ltd (ASX:FMG)
Australia · Delayed Price · Currency is AUD | Market Cap | 49.79B -14.5% |
| Revenue (ttm) | 24.52B +9.2% |
| Net Income | 4.15B -14.9% |
| EPS | 1.35 -15.0% |
| Shares Out | 3.08B |
| PE Ratio | 12.03 |
| Forward PE | 13.85 |
| Dividend | 1.08 (6.67%) |
| Ex-Dividend Date | Sep 1, 2026 |
| Volume | 4,867,672 |
| Open | 16.25 |
| Previous Close | 16.19 |
| Day's Range | 16.02 - 16.27 |
| 52-Week Range | 16.02 - 23.38 |
| Beta | 0.69 |
| Analysts | Hold |
| Price Target | 17.47 (+7.91%) |
| Est. Earnings | Oct 22, 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 $17.47, which is an increase of 7.91% from the latest price.
News
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.
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.
Alta Copper issues update on Fortescue transaction
Alta Copper has been advised by Fortescue that Nascent Exploration has received a notice from the Director of Investments under the Investment Canada Act pursuant to section 25.2(1) of the…
Fortescue Earnings release: Q2 2026
Fortescue released its Q2 2026 earnings on January 21, 2026, summarizing the period's financial results.
Fortescue Metals downgraded to Underperform from Hold at Jefferies
Jefferies downgraded Fortescue Metals (FSUGY) to Underperform from Hold with a price target of A$18.50, down from A$19.25. The firm adjusted ratings in the Australia metal and mining space as…