Fortescue Ltd (ASX:FMG)
Australia · Delayed Price · Currency is AUD | Market Cap | 55.66B +0.7% |
| Revenue (ttm) | 24.50B -0.0% |
| Net Income | 5.60B -4.2% |
| EPS | 1.82 -4.2% |
| Shares Out | 3.08B |
| PE Ratio | 9.95 |
| Forward PE | 12.35 |
| Dividend | 1.10 (6.18%) |
| Ex-Dividend Date | Mar 2, 2026 |
| Volume | 8,072,209 |
| Open | 17.65 |
| Previous Close | 17.80 |
| Day's Range | 17.65 - 18.08 |
| 52-Week Range | 17.65 - 23.38 |
| Beta | 0.75 |
| Analysts | Hold |
| Price Target | 17.99 (-0.5%) |
| Earnings Date | Aug 26, 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; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as green technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 20... [Read more]
Financial Performance
In fiscal year 2025, Fortescue's revenue was $15.54 billion, a decrease of -14.70% compared to the previous year's $18.22 billion. Earnings were $3.37 billion, a decrease of -40.65%.
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 $17.99, which is a decrease of -0.50% from the latest price.
News
Fortescue’s Iron Bridge takes $1.1b hit as China talks stumble
The prospect of Andrew Forrest’s misfiring magnetite project turning a profit has been questioned, and China’s hardball tactics took the shine off record output.
Fortescue Looks to Markets Outside China as CMRG Pressure Mounts
Fortescue Ltd. said actions by China’s state-backed iron ore buyer were undermining the market, prompting the miner to explore alternative customers to reduce the impact of the dispute.
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.
ASX 200 LIVE: ASX rises on miners, BHP; oil heads for 21pc monthly rise; Fortescue flags $747m impairment
Shares remain on track for its best week since April; Fortescue flags $747 million impairment; Origin flags data centre demand; Monadelphous wins Rio contract. Follow live.
Yindjibarndi to reignite legal fight against Forrest’s Fortescue
Yindjibarndi traditional landowners will appeal the amount of compensation awarded by the Federal Court over Fortescue’s destruction of their land.
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…
Statkraft and Fortescue renegotiate power agreement for Holmaneset green hydrogen and green ammonia project in Norway
(Oslo, Norway 15 December 2025) Statkraft and Fortescue have agreed to amend and extend the conditional power agreement currently in place for the Holmaneset project. Currently in the feasibility pha...