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Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

4.95AUD
30 Sep 2016
Change (% chg)

$-0.14 (-2.75%)
Prev Close
$5.09
Open
$5.00
Day's High
$5.02
Day's Low
$4.95
Volume
18,493,824
Avg. Vol
17,271,355
52-wk High
$5.30
52-wk Low
$1.44

FMG.AX

Chart for FMG.AX

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: 1.65
Market Cap(Mil.): $15,849.23
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.12
Yield (%): 2.95

Financials

  FMG.AX Industry Sector
P/E (TTM): 12.40 20.80 17.39
EPS (TTM): 0.41 -- --
ROI: 5.27 -5.68 8.35
ROE: 12.36 -8.30 9.62

UPDATE 1-Anglo American names new finance director

* Analysts cite strong track record in cost-cutting (Updates throughout with context, comment, share price)

23 Sep 2016

Australian billionaire miner in cattle station manoeuvres

SYDNEY, Sep 13 Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometres of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners.

13 Sep 2016

RPT-COLUMN-Fortescue, Bluescope success shows why iron, steel prices will stay low: Russell

LAUNCESTON, Australia, Aug 22 A year ago it's likely you would have got better odds that Fortescue Metals Group and Bluescope Steel would go under rather than double profits, given the dire outlook for both iron ore and steel products at that time.

22 Aug 2016

REFILE-UPDATE 2-Iron ore miner Fortescue eyes dividend rise as profit leaps

SYDNEY, Aug 22 Australia's Fortescue Metals Group Ltd, the world No. 4 iron ore producer, reported a tripling of its annual net profit on Monday to nearly $1 billion and said it could shoulder a big jump in future dividend payouts.

22 Aug 2016

COLUMN-Fortescue, Bluescope success shows why iron, steel prices will stay low: Russell

LAUNCESTON, Australia, Aug 22 A year ago it's likely you would have got better odds that Fortescue Metals Group and Bluescope Steel would go under rather than double profits, given the dire outlook for both iron ore and steel products at that time.

22 Aug 2016

Russia's MMK to use funds from selling part of Fortescue stake to repay debt - CFO

MOSCOW, May 6 Russian steelmaker MMK will use funds it is to receive from selling part of its stake in Australian iron ore company Fortescue to repay debt over 2017-2019, Chief Financial Officer Sergey Sulimov said on Friday.

06 May 2016

UPDATE 2-Fortescue sees stable iron ore price as China curbs speculation

* Says China balancing need for investment with futures curbs

04 May 2016

UPDATE 1-Australia's Fortescue says could exceed iron ore output target

SYDNEY, April 13 Australia's Fortescue Metals Group shipped a flat 42 million tonnes of iron ore in the March quarter, putting it on track to exceed its annual production target, while lowering cash costs by 6 percent from the previous quarter.

13 Apr 2016

UPDATE 1-Iron ore miner Fortescue drops Downer EDI in costs drive

* Sees a way to cut costs (Adds quotes, details, context throughout)

04 Apr 2016

Earnings vs. Estimates