Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

1.87AUD
21 Apr 2015
Change (% chg)

$-0.02 (-1.06%)
Prev Close
$1.89
Open
$1.93
Day's High
$1.94
Day's Low
$1.86
Volume
21,473,324
Avg. Vol
24,360,488
52-wk High
$5.38
52-wk Low
$1.75

FMG.AX

Chart for FMG.AX

About

Fortescue Metals Group Limited (Fortescue) is an iron ore producer and explorer operating in the Pilbara region of Western Australia. The Company is engaged in the mining of iron ore from its mining properties, operation of rail and port supply chain and the expansion of iron ore operations. Its Cloudbreak mine site is located... (more)

Overall

Beta: 1.79
Market Cap(Mil.): $5,885.08
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.03
Yield (%): 6.88

Financials

  FMG.AX Industry Sector
P/E (TTM): 3.40 23.59 17.35
EPS (TTM): 0.56 -- --
ROI: 6.69 -2.26 14.17
ROE: 18.67 -2.17 16.14
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UPDATE 2-Cost cuts keep Fortescue in black despite iron ore plunge

* To hold at least $1.5 billion in cash this quarter (Recasts, adds CEO, analyst quotes)

16 Apr 2015

Fortescue running in black despite iron ore plunge

SYDNEY - Australia's Fortescue Metals Group Ltd signalled it is still operating in the black despite a plunge in iron ore prices after driving down costs, potentially easing pressure on the miner to quickly refinance its debt pile.

16 Apr 2015

Fortescue says in black at current iron ore prices

SYDNEY, April 16 - Australia's Fortescue Metals Group Ltd said on Thursday its break even cost for mining iron ore was $39 a tonne, including interest and sustaining capital expenditure, signaling it was operating in the black at current market prices.

16 Apr 2015

RPT-Australia's Fortescue under pressure as iron ore crashes

MELBOURNE, April 16 - Australia's Fortescue Metals Group has two stark choices to deal with a crash in the iron ore market and cut its $9 billion debt pile - sell off stakes in its mines or transport infrastructure, or sell new shares.

16 Apr 2015

Australia's Fortescue under pressure as iron ore crashes

MELBOURNE, April 16 - Australia's Fortescue Metals Group has two stark choices to deal with a crash in the iron ore market and cut its $9 billion debt pile - sell off stakes in its mines or transport infrastructure, or sell new shares.

15 Apr 2015

UPDATE 2-Australia's Fortescue tells miners to work more as iron ore price sinks

* Company looking to cut costs as iron ore trades below $50/T

14 Apr 2015

UPDATE 1-Australia's Fortescue tells miners to work more as iron ore prices plunge

* S&P puts Fortescue, other miners, on review for downgrade (Adds detail on prices, rival miners, S&P outlook)

14 Apr 2015

Australia's Fortescue asks miners to work more as iron ore prices plunge

SYDNEY, April 14 - Australia's Fortescue Metals Group Ltd, the world's fourth-largest iron ore producer, said on Tuesday it was changing its roster to get more work out of its miners as it seeks to slash costs to cope with plunging prices.

14 Apr 2015

UPDATE 2-Iron ore sinks to record low as Rio comment stokes glut worries

* Shanghai rebar also hits record low, but cuts losses (Updates spot price)

27 Mar 2015

Iron ore slump set to shrink China's mining capacity

SHIJIAZHUANG, China - A slide in iron ore prices is turning the screw on China's fragmented mining sector, paving the way for closures and consolidation with three-quarters of the country's mining capacity operating at a loss, industry officials said on Friday.

27 Mar 2015

Earnings vs. Estimates

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