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Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

20 Oct 2017
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$0.08 (+1.65%)
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Fortescue Metals Group Limited is engaged in the exploration, development, production, processing and sale of iron ore. It owns and operates an integrated supply chain, including its approximately five berth Herb Elliott Port in Port Hedland and the heavy haul railway with approximately 42 ton axle load capacity over 620... (more)


Beta: 1.42
Market Cap(Mil.): $15,351.02
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.25
Yield (%): 9.13


  Industry Sector
P/E (TTM): -- 26.64 16.52
EPS (TTM): -- -- --
ROI: -- 2.60 11.32
ROE: -- 3.56 15.18

Australia's Fortescue considers diversifying into gold, copper, energy

QINGDAO, China Fortescue Metals Group, the world's No.4 iron ore miner, is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, the head of the Australian company told Reuters on Wednesday.

Sep 27 2017

UPDATE 2-Fortescue says CEO to step down, growth focus to shift beyond mining

* Shares drop to lowest in nearly a month (Adds quotes, details, updates shares)

Sep 15 2017

UPDATE 2-Miner Fortescue returns record dividend as profit leaps

* Selling more iron ore outside China (Adds SYDNEY dateline, analyst quote, updates shares)

Aug 21 2017

RPT-Australia's Fortescue Metals steps up dividend as FY profit jumps

Aug 21 World number 4 iron ore miner Fortescue Metals Group Ltd has more than doubled its final dividend after posting a 113 percent jump in annual net profit on Monday.

Aug 20 2017

BRIEF-Fortescue Metals to repurchase Solomon power station from Tec Pipe

* Gave notice to repurchase Solomon power station from Tec Pipe Pty Ltd, a wholly owned subsidiary of Transalta Corporation

Aug 01 2017

BRIEF-Transalta Renewables says Fortescue Metals Group to repurchase Solomon power station

* TransAlta Renewables responds to Fortescue Metals Group's notice to repurchase the Solomon power station

Aug 01 2017

BRIEF-Fortescue Metals updates on status of South Hedland power station

* Refers to market release issued by Transalta Renewables on 28 July & various media reports relating to status of south Hedland power station

Aug 01 2017

Fortescue beats guidance; iron ore price discount widens

SYDNEY Fortescue Metals Group on Thursday reported higher than expected fiscal 2017 iron ore shipments and said it cut costs by 15 percent in the fourth quarter amid a widening price discount for its ore.

Jul 26 2017

Australian court rules in favor of indigenous group in Fortescue mining land case

SYDNEY Australia's Federal Court has ruled in favor of an indigenous Aboriginal group's claims over land used by Fortescue Metals Group to mine millions of tonnes of iron ore in Western Australia's Pilbara region.

Jul 20 2017

Story on Australian billionaire and indigenous land laws withdrawn

SYDNEY The May 18 story "Australian billionaire uses indigenous land laws to keep prospectors off farm" has been withdrawn to avoid any unintended implication that the Wardens Court proceeding was incorrectly decided.

Jul 07 2017

Earnings vs. Estimates