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Fortescue Metals Group Limited

FMG.AX

Latest Trade

20.94AUD

Change

-0.45(-2.10%)

Volume

15,494,713

Today's Range

20.79

 - 

21.24

52 Week Range

13.90

 - 

26.58

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

Pricing

Previous Close
21.39
Open
21.20
Volume
15,494,713
3M AVG Volume
220.13
Today's High
21.24
Today's Low
20.79
52 Week High
26.58
52 Week Low
13.90
Shares Out (MIL)
3,077.30
Market Cap (MIL)
65,859.06
Forward P/E
9.64
Dividend (Yield %)
16.74

Next Event

Q1 2022 Fortescue Metals Group Ltd Activities Report

Latest Developments

More

Fortescue Future Industries & Covestro Announce Plans Of A Long-Term Green Hydrogen Supply Deal

Genusplus Group Awarded Contracts With A Value Of Circa A$30 Million With Pilbara Energy Co

Refining NZ Says It Has Signed MoU With Fortescue Future Industries

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About Fortescue Metals Group Limited

Fortescue Metals Group Limited (Fortescue) is an Australia-based company engaged in iron ore mining. The Company is focused on 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 of track. The Company is also developing the Eliwana Mine and Rail Project and the Iron Bridge Magnetite Project. Its Chichester Hub in the Chichester Ranges includes the Cloudbreak and Christmas Creek mines. The Solomon Hub in the Hamersley Ranges is located 60 kilometers north of Tom Price and 120 kilometers to the west of its Chichester Hub. It includes the Firetail and Kings Valley mines, which together have a production capacity of 75 million tons per annum (mtpa). Its Iron Bridge project is located over 145 kilometers south of Port Hedland.

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

Mark B. Barnaba

Lead Non-Executive Independent Deputy Chairman of the Board

Ian Wells

Chief Financial Officer

Julie Shuttleworth

Chief Executive Officer - Fortescue Future Industries

Key Stats

3.00 mean rating - 19 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2019

10.0K

2020

12.8K

2021

22.3K

2022(E)

15.2K
EPS (USD)

2019

1.029

2020

1.536

2021

3.350

2022(E)

1.631
Price To Earnings (TTM)
4.63
Price To Sales (TTM)
2.13
Price To Book (MRQ)
2.68
Price To Cash Flow (TTM)
4.07
Total Debt To Equity (MRQ)
23.99
LT Debt To Equity (MRQ)
23.04
Return on Investment (TTM)
45.67
Return on Equity (TTM)
39.76

Latest News

Latest News

Fortescue, Sinosteel sign deal to assess Western Australia iron ore project

Australia's Fortescue Metals Group Ltd said on Friday it had signed an agreement with Sinosteel to complete a rapid assessment of the Chinese state-owned metals trader's Midwest Magnetite project in Western Australia.

Fortescue warns shut Western Australia borders may worsen labour shortage

The chief executive of Australia's Fortescue Metals Group Ltd warned on Friday that a delay by the state of Western Australia in reopening its borders may worsen a labour shortage currently affecting the mining sector.

Fortescue's Forrest says German hydrogen deal is just the start

Australian miner Fortescue Metals' newly-announced deal to supply green hydrogen to Germany is just the start as the rest of the world will catch up with Europe's lead, Fortescue's chairman told a Berlin industry conference on Monday.

Australia's Fortescue set to supply green hydrogen to Germany's Covestro

Australian iron ore miner Fortescue Metals Group said on Monday it intends to sign a long-term deal to supply German chemicals maker Covestro AG with "green hydrogen" and its derivatives.

Fortescue to study development of Gabon iron ore mine

(Corrects headline and first paragraph to say agreement is to study, not develop, an iron ore mine)

Australia's Fortescue CEO to step down as miner expands green energy push

Fortescue Metals Group Ltd said on Friday Elizabeth Gaines will step down as chief executive as the miner extends its transition from a pure play iron ore producer to a green energy and resources firm.

UPDATE 4-Australia's Fortescue CEO to step down as miner expands green energy push

* Shares slip as much as 1.8% (Adds Gaines, analyst comments)

Fortescue signs deal to bring green hydrogen to airlines, more to come

Australia's Fortescue Metals Group has signed a preliminary deal to supply green hydrogen to U.S.-based Universal Hydrogen for use in the aviation industry, it said on Wednesday, as Fortescue's chairman flagged more deals to come.

Argentina, Fortescue unveil $8.4 billion green hydrogen investment plan

Australian mining billionaire Andrew Forrest is planning what could be up to an $8.4 billion "green hydrogen" investment in Argentina, the South American country's government said on Monday after a meeting between the businessman and President Alberto Fernandez.

Argentina, Fortescue unveil $8.4 bln green hydrogen investment plan

Australian mining billionaire Andrew Forrest is planning what could be up to an $8.4 billion "green hydrogen" investment in Argentina, the South American country's government said on Monday after a meeting between the businessman and President Alberto Fernandez.

Fortescue logs lower iron ore prices; warns of protracted volatility

Fortescue Metals Group said on Thursday that volatile iron ore prices partly resulted from China's economic and power policies and any steps taken to curb industrial pollution during next year's Winter Olympics in Beijing could dampen demand.

China's pollution control drive ahead of Olympics could impact iron ore markets -Fortescue

Fortescue Metals Group Chief Executive Elizabeth Gaines said on Thursday that Beijing's blue sky policy ahead of the winter Olympics early next year could extend volatility in the iron ore market.

Australian iron ore baron bets big on global green revolution

Australian iron ore magnate Andrew Forrest wants to turn his company, Fortescue Metals Group Ltd, into the world's biggest green energy group, but critics say his targets are a stretch even for a man who built the world's fourth-largest iron ore producer from scratch in...

Exclusive: Australia must commit to carbon cuts to keep green energy advantage -Fortescue's Forrest

Australia risks losing its advantage in the green energy revolution if its leaders don't promptly commit to cutting carbon emissions by 2050, the country's richest man, Fortescue Metals Group founder Andrew Forrest said on Monday.

EXCLUSIVE-Australia must commit to carbon cuts to keep green energy advantage -Fortescue's Forrest

Australia risks losing its advantage in the green energy revolution if its leaders don't promptly commit to cutting carbon emissions by 2050, the country's richest man, Fortescue Metals Group founder Andrew Forrest said on Monday.

Australia's Fortescue to make green hydrogen equipment in Queensland

Fortescue Metals Group Ltd's green energy unit said on Monday it plans to build the world's biggest electrolyser factory in Queensland, looking to jump start the green hydrogen industry in Australia.

Fortescue buys 60% stake in Dutch-based renewable energy firm

Fortescue Metals Group Ltd's green energy unit said on Thursday it bought a 60% stake in Dutch-based renewable firm High yield Energy Technologies (HyET) Group in a bid to cut costs and boost green energy production.

Fortescue targets net zero emissions from customers by 2040

Fortescue Metals Group said on Tuesday it plans to achieve net zero emissions by 2040 from the operations of its customers including steel makers, as it looks to boost hydrogen and green energy production to cut its carbon footprint.

Fortescue resumes Solomon Hub operations after worker's death

Australia's Fortescue Metals Group Ltd said on Friday it had restarted operations at its Solomon Hub site in Western Australia, a day after a worker died at the site, adding that its cost and output forecasts for fiscal 2022 remained unchanged.

Fortescue resumes Solomon Hub operations after employee death

Australia's Fortescue Metals Group Ltd said on Friday that operations at its Solomon Hub site in Western Australia had restarted after the death of an employee forced the world's no.4 iron ore miner to halt work on Thursday. (Reporting by Shashwat Awasthi; Editing by Rashmi...

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

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