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Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

5.31AUD
24 Apr 2017
Change (% chg)

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19,136,626
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$7.27
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$2.81

FMG.AX

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About

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)

Overall

Beta: 1.46
Market Cap(Mil.): $16,534.27
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.20
Yield (%): 6.03

Financials

  FMG.AX Industry Sector
P/E (TTM): 6.63 39.49 110.47
EPS (TTM): 0.80 -- --
ROI: 10.57 -0.72 10.60
ROE: 22.04 -1.05 13.80

UPDATE 1-China March iron ore imports surge to second-highest ever

* Imports to stay at high level or even grow - Fortescue CEO (Recasts with March figures, industry comment, copper imports)

Apr 13 2017

Fortescue ships less iron ore in third-quarter, costs up

SYDNEY World No. 4 iron ore miner Fortescue Metals Group reported a 6 percent fall in third-quarter shipments on Thursday but said it was still headed for a bumper year.

Apr 12 2017

UPDATE 1-Fortescue ships less iron ore in Q3, costs up

* Full-yr guidance intact (Adds iron ore market prices, outlook, Fortescue costs, paragraphs 2-4)

Apr 12 2017

Fortescue Metals to pay down a further $1 bln in debt

MELBOURNE, March 24 Fortescue Metals Group Ltd , the world's No.4 iron ore miner, will pay down $1 billion in a term loan on March 30, it said on Friday, as it looks to continue its cost-cutting drive.

Mar 23 2017

BRIEF-Fortescue Metals Group clarifies media speculation

* Refers to media reports regarding submission of an indicative bid for Wesfarmers Curragh coal mine assets

Feb 27 2017

UPDATE 1-Fortescue says H1 profit jumps 383 pct, misses market expectations

SYDNEY, Feb 22 Australia's Fortescue Metals Group Ltd on Wednesday reported a 383 percent rise in interim net profit to $1.2 billion, surpassing the $319 million in the year-earlier period on the back of a surprise surge in iron ore prices, but still fell short of market expectations.

Feb 21 2017

Fortescue sees iron ore demand boost as China closes steel mills

SYDNEY A Chinese crackdown on inefficient steelmaking will support demand for iron ore imports, Australia's Fortescue Metals Group said on Wednesday, maintaining its forecast for record shipments this year amid a rebound in prices.

Jan 31 2017

UPDATE 2-Fortescue sees iron ore demand boost as China closes steel mills

SYDNEY, Jan 31 A Chinese crackdown on inefficient steelmaking will support demand for iron ore imports, Australia's Fortescue Metals Group said on Wednesday, maintaining its forecast for record shipments this year amid a rebound in prices.

Jan 31 2017

Fortescue 2nd qtr iron ore output dips 4 pct

SYDNEY, Jan 31 World no. 4 iron ore miner Fortescue Metals Group on Tuesday reported a slight drop in second-quarter shipments but remained on track for a bumper year as demand and prices continue to outstrip forecasters' expectations of a slowdown.

Jan 30 2017

Australia's Fortescue beats competitors to secure exploration leases: documents

SYDNEY Fortescue Metals Group secured 42 mining and exploration leases in the world's biggest iron ore precinct last financial year ahead of competitors being notified the land was even available, parliamentary documents show.

Dec 22 2016

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