Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

27 Feb 2015
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$0.01 (+0.40%)
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Fortescue Metals Group Limited (Fortescue) is an iron ore producer and explorer operating in the Pilbara region of Western Australia. Fortescue is engaged in mining of iron ore from its Cloudbreak and Christmas Creek mine sites, the operation of an integrated mine, rail and port supply chain and the expansion of iron ore... (more)


Beta: 1.76
Market Cap(Mil.): $7,722.22
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.03
Yield (%): 5.24


  FMG.AX Industry Sector
P/E (TTM): 4.53 33.26 18.90
EPS (TTM): 0.55 -- --
ROI: 6.69 -1.86 14.73
ROE: 18.67 -1.80 16.96
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UPDATE 1-Fortescue banks on lower oil, currency as iron ore price dives

* Iron ore miner says will maintain maximum output despite glut

17 Feb 2015

CORRECTED-Australia's Fortescue first-half profit plunges on weaker iron ore price

SYDNEY, Feb 17 - Fortescue Metals Group, Australia's third biggest iron ore miner, posted a 81 percent dive in first-half profits after a halving in the price of the steel making ingredient hammered margins and outweighed record production.

17 Feb 2015

Fortescue Q2 shipments jump 47 pct, costs fall

MELBOURNE, Jan 29 - Iron ore producer Fortescue Metals Group Ltd's shipments soared 47 percent in the December quarter from a year earlier, helping to stoke oversupply that has chopped global iron ore prices in half over the past year.

29 Jan 2015

Fortescue open to selling assets as iron ore slides

MELBOURNE, Dec 5 - Australia's Fortescue Metals Group is willing to sell down stakes in some of its assets amid a collapse in iron ore prices, but the world's fourth-biggest iron ore miner says it is under no pressure to take quick action.

10 Dec 2014

UPDATE 1-Australia's Fortescue slashes spending as iron ore rout bites

* Fortescue still expects to ship 155-160 mln tonnes in FY15

28 Nov 2014

Australia's Fortescue slashes spending as iron ore rout bites

SYDNEY, Nov 28 - Australia's Fortescue Metals Group, the world's No.4 iron ore miner, said on Friday it was halving its capital spending for the 2015 financial year to $650 million but kept its production guidance intact.

28 Nov 2014

Australia shares fall on weak resources, erasing 2014 gains

* 76 shares up, 110 down, 13 unchanged (Adds analysis, quotes, stocks on the move)

20 Nov 2014

UPDATE 1-Tug boat operators plan short strike at top Australian iron ore port

* Fortescue CEO says port users "collateral damage" in dispute (Adds union comment)

06 Nov 2014

UPDATE 1-Fortescue focuses on debt payments despite iron ore price fall

* Fortescue to make early $500 million repayment on Friday

16 Oct 2014

UPDATE 2-Iron ore rout extends amid tight credit, China futures sink

* Fortescue shares down 4 pct; Rio, BHP at multi-week lows (Recasts, updates prices)

28 Aug 2014

Earnings vs. Estimates

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