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Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

2.90AUD
25 May 2016
Change (% chg)

$0.05 (+1.75%)
Prev Close
$2.85
Open
$2.92
Day's High
$2.97
Day's Low
$2.89
Volume
15,404,856
Avg. Vol
23,329,242
52-wk High
$3.65
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: 1.78
Market Cap(Mil.): $8,874.33
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.03
Yield (%): 1.75

Financials

  FMG.AX Industry Sector
P/E (TTM): 21.02 21.44 25.24
EPS (TTM): 0.14 -- --
ROI: 1.60 -5.52 8.80
ROE: 3.96 -7.74 9.88

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

China says not received application from Vale, Fortescue for planned JV

BEIJING China's Commerce Ministry said on Thursday it had not received an application for regulatory approval from iron ore miners Vale and Fortescue Metals Group in relation to their planned joint venture.

10 Mar 2016

REFILE-China says not received application from Vale, Fortescue for planned JV

BEIJING, March 10 China's Commerce Ministry said on Thursday it had not received an application for regulatory approval from iron ore miners Vale and Fortescue Metals Group in relation to their planned joint venture.

10 Mar 2016

Brazil Vale still plans asset sales despite Fortescue talks

SAO PAULO Brazilian miner Vale SA still plans to sell about $10 billion of assets in order to reduce debt, even after announcing it was in talks about potentially buying a minority stake in Australian rival Fortescue Metals Group , a press representative told Reuters on Wednesday.

09 Mar 2016

Brazil Vale still plans asset sales despite Fortescue talks

SAO PAULO, March 8 Brazilian miner Vale SA still plans to sell about $10 billion of assets in order to reduce debt, even after announcing it was in talks about potentially buying a minority stake in Australian rival Fortescue Metals Group, a press representative told Reuters on Wednesday. (Reporting by Gustavo Bonato, writing by Stephen Eisenhammer; Editing by David Gregorio)

09 Mar 2016

Shares of Brazil miner Vale fall after Fortescue JV plans

SAO PAULO, March 8 Preferred shares Vale SA fell in early trading on Tuesday after the Brazilian miner announced plans to form a joint venture with Australian rival Fortescue Metals Group Ltd with the aim of better serving Chinese steelmakers. (Reporting by Reese Ewing; Editing by Chizu Nomiyama)

08 Mar 2016

Fortescue-Vale alliance has roots in iron ore price rout

SYDNEY, March 8 Senior executives at two of the world's biggest iron ore miners, Brazil's Vale and Australia's Fortescue Metals Group , first raised the idea of an alliance a year ago after a relentless slide in ore prices.

08 Mar 2016

Earnings vs. Estimates