Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

1.62AUD
12 Feb 2016
Change (% chg)

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Prev Close
$1.62
Open
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Day's High
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Day's Low
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Volume
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Avg. Vol
19,072,951
52-wk High
$2.77
52-wk Low
$1.44

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: 1.60
Market Cap(Mil.): $5,044.35
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.02
Yield (%): 3.09

Financials

  FMG.AX Industry Sector
P/E (TTM): 11.32 13.46 17.23
EPS (TTM): 0.14 -- --
ROI: 1.62 -1.37 12.16
ROE: 4.20 -1.45 13.67
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UPDATE 1-Iron ore set for monthly drop as oversupply drags, steel recoils

* Spot iron ore down more than 3 pct in January * Shanghai rebar pulls further away from 4-month top * Vale scraps dividend on falling iron ore prices (Updates futures prices) By Manolo Serapio Jr MANILA, Jan 29 Spot iron ore is set to end January lower, pressured by a global glut as Chinese steel prices pulled further away from four-month highs amid weak demand. Shanghai rebar steel futures dropped another 1.5 percent on Friday, helping stretch losses in iron o

29 Jan 2016

Iron ore set for monthly drop as oversupply drags, steel recoils

* Spot iron ore down more than 3 pct in January * Shanghai rebar pulls further away from 4-month top * Vale scraps dividend on falling iron ore prices By Manolo Serapio Jr MANILA, Jan 29 Spot iron ore is set to end January lower, pressured by a global glut as Chinese steel prices pulled further away from four-month highs amid weak demand. Shanghai rebar steel futures dropped another 1.7 percent on Friday, helping stretch losses in iron ore futures in Dalian.

29 Jan 2016

UPDATE 1-Dalian iron ore surrenders gains as Shanghai rebar retreats

* Shanghai rebar falls from 4-month high, down over 2 pct * Port Hedland evacuates vessels as tropical low approaches * Fortescue sees cash breakeven price well below $36/tonne (Recasts, updates prices) By Manolo Serapio Jr MANILA, Jan 28 Iron ore futures in China ended lower on Thursday as a rally to the 3-1/2-week peak proved fleeting after steel prices slid more than 2 percent. Shanghai rebar futures slipped from a four-month high, underlining weak demand in

28 Jan 2016

UPDATE 1-Australia iron ore miner Fortescue steps up cost-cuts to stay in black

* Shares jump as much as 8 pct (Adds comment from CEO, analyst)

28 Jan 2016

Dalian iron ore hits 3-week high, but retreating steel a risk

* Recent rally in Chinese steel prices fueled iron ore gains * Port Hedland evacuates vessels as tropical low approaches * Fortescue sees cash breakeven price well below $36/tonne By Manolo Serapio Jr MANILA, Jan 28 Iron ore futures in China rose to their strongest in more than three weeks on Thursday, supported by recent gains in steel prices as shutdowns tightened supply. But a subsequent retreat in Chinese steel prices suggest the gains in glut-hit iron ore ma

28 Jan 2016

UPDATE 1-Australia's BC Iron shuts iron ore mine as price sinks

* Prices have plummeted on oversupply, faltering China demand (Adds comment, detail)

11 Dec 2015

Billionaire's Australia iron ore mine set to ship first cargo

* Outlook for iron ore mkt remains bleak as China demand slows

01 Dec 2015

RPT-COLUMN-Maximum pain for commodities. Are we there yet?: Russell

LAUNCESTON, Australia, Nov 26 - The dominant theme of commodity markets in recent months, in virtually every article or conversation at events, has been how much lower can prices possibly go. The answer is simple, they will stop falling when the point of maximum pain is reached.

26 Nov 2015

COLUMN-Maximum pain for commodities. Are we there yet?: Russell

LAUNCESTON, Australia, Nov 26 - The dominant theme of commodity markets in recent months, in virtually every article or conversation at events, has been how much lower can prices possibly go. The answer is simple, they will stop falling when the point of maximum pain is reached.

26 Nov 2015

UPDATE 2-Australia iron ore miner Fortescue drives down costs, says to keep jobs

* Fortescue says iron ore cash costs to average 15/T by yr-end

15 Oct 2015

Earnings vs. Estimates

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