Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

4 Aug 2015
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$-0.09 (-4.57%)
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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)


Beta: 1.91
Market Cap(Mil.): $5,791.67
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.03
Yield (%): 6.99


  FMG.AX Industry Sector
P/E (TTM): 3.15 24.41 18.65
EPS (TTM): 0.59 -- --
ROI: 6.69 -0.77 13.71
ROE: 18.67 -1.61 15.42
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TRLPC: Commodity loans weighed by Chinese stock market, impending US rate hike

NEW YORK, July 29 - Slumping commodity prices are hitting the secondary loan prices of iron ore, oil services and coal companies as China's stock market volatility raises fears that demand in the world's most commodity-hungry economy is cooling and global markets brace for an imminent U.S. interest rate rise.

30 Jul 2015

UPDATE 2-Fortescue calls an end to expansion as iron ore glut rises

* Sees break-even cost at $39/tonne (Recasts, adds ceo quotes, details)

23 Jul 2015

UPDATE 1-Shanghai rebar extends losses amid little sign of recovery

* Market sentiment remains bearish - analyst * Billet prices up marginally, recovery vulnerable * FMG shipments up 33 pct at 165.4 mln tonnes in fiscal 2015 (Updates close prices) SHANGHAI, July 23 - Shanghai rebar futures dropped for the second straight day on Thursday amid worries over the weak outlook for demand in the world's top producer, China. The most traded rebar futures on the Shanghai Futures Exchange closed lower 0.15 percent at 2,050 yuan ($330.14) a ton

23 Jul 2015

Shanghai rebar slump halts, but little sign of recovery

* No solid reason for Shanghai rebar to rise - analyst * Billet prices up marginally, supporting rebar * FMG shipments up 33 pct to 165.4 mln tonnes in fiscal 2015 SHANGHAI, July 23 - Shanghai rebar futures steadied on Thursday after a slump in the previous session, but analysts said the weak outlook for demand in China meant there was little room for real gains. The most traded rebar futures on the Shanghai Futures Exchange were steady at 2,055 yuan ($331) a tonne aft

23 Jul 2015

Fortescue hits high end of iron ore shipments guidance

SYDNEY, July 23 - Fortescue Metals Group said it hit the high end of its forecast for iron ore shipments in fiscal 2015, and planned to maintain a similar rate in the current year.

23 Jul 2015

Fortescue tie-up with a China steel group makes sense-official

SYDNEY, May 28 - Debt-heavy Australian iron ore miner Fortescue Metals Group could find willing investors in Chinese steel mills anxious to ensure multiple sources of supply for the raw material, a senior Chinese government official said on Thursday.

28 May 2015

UPDATE 1-Fortescue says unaware of any approach to Australian regulators

* Chinese-linked firms seek nod to invest in Fortescue -report

26 May 2015

Fortescue founder asks Australians to fight Rio, BHP iron ore plans

SYDNEY, May 11 - Fortescue Metals Group Chairman Andrew "Twiggy" Forrest on Monday called on Australians to urge the government to stop expansion plans by iron ore miners Rio Tinto and BHP Billiton, saying they were jeopardizing the economy.

11 May 2015

UPDATE 3-Rio Tinto unshakeable on iron ore expansion plans

* Fortescue, IOC, Kumba under pressure from low prices (Changes dateline, adds analyst comment, detail on rivals)

07 May 2015

UPDATE 1-Australia won't pursue Fortescue over call to cap iron output

MELBOURNE, April 30 - Australia's anti-trust watchdog said on Thursday it will not take any action against Fortescue Metals Group for comments by its chairman last month urging bigger rivals to join it in capping iron ore output to shore up prices.

30 Apr 2015

Earnings vs. Estimates

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