Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

28 Mar 2017
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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)


Beta: 1.47
Market Cap(Mil.): $18,900.75
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.20
Yield (%): 5.27


  FMG.AX Industry Sector
P/E (TTM): 7.66 36.03 120.93
EPS (TTM): 0.79 -- --
ROI: 10.57 -0.85 10.21
ROE: 22.04 -1.20 13.24

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.

24 Mar 2017

BRIEF-Fortescue Metals Group clarifies media speculation

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

28 Feb 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.

22 Feb 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.

31 Jan 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.

31 Jan 2017

Fortescue gets environmental approval for iron ore mine expansion

SYDNEY Australia's environmental authorities on Wednesday cleared the way for the world's No. 4 iron ore miner Fortescue Metals Group to extend operations at a key mine site for another 35 years.

23 Nov 2016

Australia shares slide on commodities; NZ hits 12-wk low

Oct 12 Australian shares fell on Wednesday, dragged down by commodities, amid a sour start to Wall Street's corporate earnings season and raised bets on a year-end Federal reserve interest rate hike.

12 Oct 2016

Australia's Fortescue pays a dollar to buy out iron ore partner

SYDNEY Fortescue Metals Group on Monday said it has bought out rival BC Iron's 75 percent interest in a mothballed iron ore mine in Australia for just one dollar, ending a seven-year partnership forged during the now-defunct mining boom.

10 Oct 2016

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