|Day's Range||4.79 - 5.00|
|52 Week Range||2.91 - 7.27|
|PE Ratio (TTM)||8.02|
|Dividend & Yield||0.26 (6.61%)|
|1y Target Est||N/A|
One of the world's largest producers of iron ore has warned that the steelmaking ingredient may need to fall further to counter the effect of a glut of Chinese supply that has made it one of the worst ...
Fortescue Metals Group chairman Andrew Forrest is making news with his AUD400 million donation to charity, so it's handy the miner's stock is up more than 4% this morning. Fortescue (FMG.AU) is pacing ...
Australian miner Fortescue Metals Group said on Wednesday it had raised $1.5 billion in a high-yield bond offering, $500 million more than originally sought, due to strong investor demand. The unsecured debt, which will be used to refinance existing facilities as iron ore prices are falling, was also priced more favourably than marketing materials had indicated. "This outcome recognises Fortescue's significant achievements across all of our operations, including safety performance, consistent production, sustained productivity and efficiency gains, together with the continued strength of our balance sheet," Fortescue Chief Executive Nev Power said.