for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Fortescue Metals Group Limited

FMG.AX

Latest Trade

16.92AUD

Change

0.10(+0.59%)

Volume

5,741,077

Today's Range

16.74

 - 

17.10

52 Week Range

8.20

 - 

19.56

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Pricing

Previous Close
16.82
Open
16.97
Volume
5,741,077
3M AVG Volume
194.00
Today's High
17.10
Today's Low
16.74
52 Week High
19.56
52 Week Low
8.20
Shares Out (MIL)
3,077.71
Market Cap (MIL)
51,788.19
Forward P/E
6.83
Dividend (Yield %)
10.46

Next Event

Fortescue Metals Group Ltd Annual Shareholders Meeting

Latest Developments

More

Civmec Secures A$175 MLN In New Contracts

Fortescue Extends Share Buy-Back Programme

Primero Group Gets New Contract Awards Totaling About A$55 Mln

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

About Fortescue Metals Group Limited

Fortescue Metals Group Limited (Fortescue) is engaged in the exploration, development, production, processing and sale of iron ore. Fortescue owns and operates a fully integrated infrastructure and supply chain including five berth Herb Elliott Port in Port Hedland, the Judith Street Harbour towage infrastructure and the heavy haul railway covering 620 kilometers (km) of track. The Company is developing the Eliwana Mine and Rail Project and the Iron Bridge Magnetite Project. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges. The Solomon Hub is located in the Hamersley Ranges, and includes the Firetail and Kings Valley mines, which produce in excess of 70 million tons per annum (mtpa). Its Iron Bridge project is located over 145 kms south of Port Hedland. Its Eliwana Mine and Rail development includes 143km of rail and a 30mpta dry ore processing facilities.

Industry

Metal Mining

Contact Info

Level 2 87 Adelaide Terrace, East Perth

PERTH, WAS

6004

Australia

+61.8.62188888

http://fmgl.com.au/

Executive Leadership

John Andrew Henry Forrest

Non-Independent Non-Executive Chairman of the Board

Elizabeth Anne Gaines

Chief Executive Officer, Managing Director, Executive Director

Julie Shuttleworth

Deputy Chief Executive Officer

Mark B. Barnaba

Non-Executive Deputy Chairman of the Board, Lead Independent Director

Ian Wells

Chief Financial Officer

Key Stats

2.89 mean rating - 18 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2018

6.9K

2019

10.0K

2020

12.8K

2021(E)

13.9K
EPS (USD)

2018

0.346

2019

1.029

2020

1.536

2021(E)

1.655
Price To Earnings (TTM)
7.77
Price To Sales (TTM)
2.86
Price To Book (MRQ)
2.77
Price To Cash Flow (TTM)
5.98
Total Debt To Equity (MRQ)
38.64
LT Debt To Equity (MRQ)
37.24
Return on Investment (TTM)
25.17
Return on Equity (TTM)
21.98

Latest News

Latest News

UPDATE 1-Mining billionaire Forrest buys famed Australian bootmaker RM Williams

Australian mining billionaire Andrew Forrest said his private company bought bootmaker R.M. Williams from a fund backed by French fashion giant LVMH Moet Hennessy Louis Vuitton SE, returning ownership of the famed fashion label to its home country after six years.

Mining billionaire Forrest buys famed Australian bootmaker RM Williams

Australian mining billionaire Andrew Forrest said his private company bought bootmaker R.M. Williams from a fund backed by French fashion giant LVMH Moet Hennessy Louis Vuitton SE <LVMH.PA>, returning ownership of the famed fashion label to its home country after six years.

Aboriginal group says Fortescue withholds royalties on mining leases

An Australian Aboriginal group said on Tuesday that Fortescue Metals <FMG.AX> is withholding nearly A$2 million ($1.4 million) in royalty payments until it signs off on mining leases that cover areas containing many sacred sites.

Aboriginal group says Fortescue withholds royalties on mining leases

An Australian Aboriginal group said on Tuesday that Fortescue Metals is withholding nearly A$2 million ($1.4 million) in royalty payments until it signs off on mining leases that cover areas containing many sacred sites.

Aboriginal group say Fortescue has applied to mine near destroyed caves

An Australian Aboriginal group whose sacred rockshelters Rio Tinto <RIO.AX> destroyed in May said on Monday that iron ore miner Fortescue Metals Group <FMG.AX> applied last month for a mining licence on the surrounding area without notifying them.

UPDATE 2-Shareholder group seeks Fortescue moratorium on Australian cultural site damage

* Shareholder resolution calls for halt on impact to sacred sites

Shareholders seek Fortescue moratorium on Australian cultural site damage

Australia's Fortescue Metals Group Ltd must commit to not damaging or disturbing cultural heritage sites in Australia and lift confidentiality provisions on Aboriginal owners, a shareholder group said in a resolution filed on Thursday.

UPDATE 2-Australia's Fortescue posts record profit as chairman gains $800 mln

* Net profit jumped 49% to $4.74 bln from $3.19 bln (Adds analyst comment, detail, share price movement)

Australian miner Fortescue wins HBIS iron ore tender in yuan

Australian miner Fortescue Metals Group won a tender to supply HBIS Group Co Ltd with an iron ore spot cargo that will be paid for in yuan, the Chinese steelmaker said on Monday.

UPDATE 2-Australia's Fortescue posts record iron ore shipments, beats full-year forecast

* Boost from strong demand in China on Beijing stimulus measures

UPDATE 2-Fortescue raises iron ore export forecast as Q3 output jumps

* Sees steady economic recovery in China, ongoing demand (Adds analyst comment, share price reaction)

Upbeat virus treatment view, oil jump lift Australian shares

Australian shares gained on Thursday as risk appetite improved after encouraging trial results of an experimental COVID-19 treatment, a rally in crude oil prices and assurances of support from the U.S. Federal Reserve to help the battered economy.

Fortescue posts 10% rise in third-quarter iron ore output, hikes forecast

Fortescue Metals Group Ltd on Thursday reported a 10% rise in third-quarter iron ore shipments compared with a cyclone-hit period last year, and raised its annual shipments forecast despite the coronavirus pandemic.

BRIEF-Fortescue Metals Group Says Mining, Processing Activity In Line With FY Guidance

* SHIPMENTS CONTINUE FROM PORT HEDLAND AND MINING AND PROCESSING ACTIVITY REMAINS IN LINE WITH GUIDANCE FOR FY20

Fortescue's billionaire owner Forrest ups stake, lauds green efforts

Billionaire Andrew Forrest raised his stake in Fortescue Metals Group, snapping up a further A$242.9 million ($160.2 million) in the Australian iron ore miner he founded, and praised the group's environmental credentials.

China iron ore futures hover near 1-month high amid supply concerns

Iron ore futures in China edged higher in early trade on Wednesday, hovering around a nearly one-month high hit in the previous session, despite miner Fortescue Metals Group maintaining its shipments' estimate for fiscal 2020.

Fortescue says its shipments remain on schedule despite coronavirus

Australian miner Fortescue said that its iron ore shipments remain on schedule and that it had not had any issues with customer payments as a result of the coronavirus outbreak in its main market of China.

Australia's iron ore ports cleared ahead of cyclone: Pilbara Ports Authority

Australia's key iron exporting ports have been cleared ahead of a cyclone that is due to make landfall on Saturday, the port authority said on Friday.

UPDATE 3-Australia's Fortescue boosts iron ore shipments, says no virus impact felt

* Shares down 12% since coronavirus impact (Adds comments on coronavirus from chief executive)

Australia's Fortescue eyes modest 2020 growth for Chinese steel output

China's steel production is expected to grow only modestly this year, driven by rising urbanization and Belt and Road Initiative projects, Australia's Fortescue Metals Group chief executive Elizabeth Gaines said on Wednesday.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up