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Fortescue Metals Group Limited

FMG.AX

Latest Trade

18.54AUD

Change

-0.06(-0.32%)

Volume

14,382,619

Today's Range

18.45

 - 

18.69

52 Week Range

8.20

 - 

19.56

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Pricing

Previous Close
18.60
Open
18.69
Volume
14,382,619
3M AVG Volume
200.16
Today's High
18.69
Today's Low
18.45
52 Week High
19.56
52 Week Low
8.20
Shares Out (MIL)
3,077.71
Market Cap (MIL)
57,268.75
Forward P/E
7.32
Dividend (Yield %)
9.46

Next Event

Fortescue Metals Group Ltd Annual Shareholders Meeting

Latest Developments

More

Fortescue Says Q1 Total Ore Shipped 44.3 MT

Civmec Secures A$175 MLN In New Contracts

Fortescue Extends Share Buy-Back Programme

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About Fortescue Metals Group Limited

Fortescue Metals Group Limited (Fortescue) is engaged in the exploration, development, production, processing and sale of iron ore. Fortescue owns and operates a fully integrated infrastructure and supply chain including five berth Herb Elliott Port in Port Hedland, the Judith Street Harbour towage infrastructure and the heavy haul railway covering 620 kilometers (km) of track. The Company is developing the Eliwana Mine and Rail Project and the Iron Bridge Magnetite Project. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges. The Solomon Hub is located in the Hamersley Ranges, and includes the Firetail and Kings Valley mines, which produce in excess of 70 million tons per annum (mtpa). Its Iron Bridge project is located over 145 kms south of Port Hedland. Its Eliwana Mine and Rail development includes 143km of rail and a 30mpta dry ore processing facilities.

Industry

Metal Mining

Contact Info

Level 2 87 Adelaide Terrace, East Perth

PERTH, WAS

6004

Australia

+61.8.62188888

http://fmgl.com.au/

Executive Leadership

John Andrew Henry Forrest

Non-Independent Non-Executive Chairman of the Board

Elizabeth Anne Gaines

Chief Executive Officer, Managing Director, Executive Director

Julie Shuttleworth

Deputy Chief Executive Officer

Mark B. Barnaba

Non-Executive Deputy Chairman of the Board, Lead Independent Director

Ian Wells

Chief Financial Officer

Key Stats

2.65 mean rating - 17 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2018

6.9K

2019

10.0K

2020

12.8K

2021(E)

14.7K
EPS (USD)

2018

0.346

2019

1.029

2020

1.536

2021(E)

1.856
Price To Earnings (TTM)
8.93
Price To Sales (TTM)
3.29
Price To Book (MRQ)
3.18
Price To Cash Flow (TTM)
6.87
Total Debt To Equity (MRQ)
38.64
LT Debt To Equity (MRQ)
37.24
Return on Investment (TTM)
25.17
Return on Equity (TTM)
21.98

Latest News

Latest News

Fortescue, Origin assess green ammonia, hydrogen plants in Australia's Tasmania

Fortescue Metals Group <FMG.AX> and Origin Energy Ltd <ORG.AX> announced on Tuesday separate plans to assess building ammonia export plants in the Australian island state of Tasmania, as both seek to tap opportunities in renewable energy.

Fortescue assessing green ammonia plant in Australia's Tasmania

Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy producer.

Fortescue pressured government to let it damage ancient rock shelters - Aboriginal group

Australia's Fortescue Metals Group <FMG.AX> pressured a state government body to fast track its application to damage two ancient rock shelters as part of an iron ore mine expansion in Western Australia, documents showed on Thursday.

Australia's Fortescue plans global green energy drive

Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally.

Fortescue sees early signs steel-making recovery in Japan, South Korea

Australia's Fortescue Metals Group Ltd <FMG.AX> posted a 5% rise in first-quarter iron ore shipments on Thursday, fed by robust Chinese demand for the key ingredient in steelmaking, which an executive said was also improving elsewhere in Asia.

Fortescue Metals quarterly iron ore shipments rise 5%

Australia's Fortescue Metals Group Ltd posted a 5% rise in first-quarter iron ore shipments on Thursday, as demand in China for the steelmaking ingredient remained robust.

Mining billionaire Forrest buys famed Australian bootmaker RM Williams

Australian mining billionaire Andrew Forrest said his private company bought bootmaker R.M. Williams from a fund backed by French fashion giant LVMH Moet Hennessy Louis Vuitton SE <LVMH.PA>, returning ownership of the famed fashion label to its home country after six years.

Mining billionaire Forrest buys famed Australian bootmaker RM Williams

Australian mining billionaire Andrew Forrest said his private company bought bootmaker R.M. Williams from a fund backed by French fashion giant LVMH Moet Hennessy Louis Vuitton SE <LVMH.PA>, returning ownership of the famed fashion label to its home country after six years.

Aboriginal group says Fortescue withholds royalties on mining leases

An Australian Aboriginal group said on Tuesday that Fortescue Metals <FMG.AX> is withholding nearly A$2 million ($1.4 million) in royalty payments until it signs off on mining leases that cover areas containing many sacred sites.

Aboriginal group says Fortescue withholds royalties on mining leases

An Australian Aboriginal group said on Tuesday that Fortescue Metals <FMG.AX> is withholding nearly A$2 million ($1.4 million) in royalty payments until it signs off on mining leases that cover areas containing many sacred sites.

Aboriginal group say Fortescue has applied to mine near destroyed caves

An Australian Aboriginal group whose sacred rockshelters Rio Tinto <RIO.AX> destroyed in May said on Monday that iron ore miner Fortescue Metals Group <FMG.AX> applied last month for a mining licence on the surrounding area without notifying them.

Shareholder group seeks Fortescue moratorium on Australian cultural site damage

Australia's Fortescue Metals Group <FMG.AX> said on Thursday that it would not support a shareholder resolution that urged it to halt mining activities that could damage Aboriginal cultural heritage sites because it already has proper procedures in place.

Shareholders seek Fortescue moratorium on Australian cultural site damage

Australia's Fortescue Metals Group Ltd must commit to not damaging or disturbing cultural heritage sites in Australia and lift confidentiality provisions on Aboriginal owners, a shareholder group said in a resolution filed on Thursday.

Australia's Fortescue unit enters deal to assess PNG hydro projects

Fortescue Metals Group <FMG.AX> on Tuesday said a unit of the company would work with the Papua New Guinea (PNG) government to assess the feasibility of potential projects to develop hydro-power resources.

UPDATE 2-Australia's Fortescue posts record profit as chairman gains $800 mln

* Net profit jumped 49% to $4.74 bln from $3.19 bln (Adds analyst comment, detail, share price movement)

Australian miner Fortescue wins HBIS iron ore tender in yuan

Australian miner Fortescue Metals Group won a tender to supply HBIS Group Co Ltd with an iron ore spot cargo that will be paid for in yuan, the Chinese steelmaker said on Monday.

Australia's Fortescue posts record iron ore shipments, beats full-year forecast

Miner Fortescue Metals Group on Thursday beat its full-year iron ore estimates with record shipments in the fourth quarter on the back of strong demand for the steel-making ingredient from China.

Upbeat virus treatment view, oil jump lift Australian shares

Australian shares gained on Thursday as risk appetite improved after encouraging trial results of an experimental COVID-19 treatment, a rally in crude oil prices and assurances of support from the U.S. Federal Reserve to help the battered economy.

Fortescue raises annual iron ore shipments view after Q3 output jumps

Fortescue Metals Group Ltd <FMG.AX> on Thursday hiked its annual iron ore shipments forecast after it reported a 10% rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic.

Fortescue posts 10% rise in third-quarter iron ore output, hikes forecast

Fortescue Metals Group Ltd on Thursday reported a 10% rise in third-quarter iron ore shipments compared with a cyclone-hit period last year, and raised its annual shipments forecast despite the coronavirus pandemic.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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