This blogger has been asked by readers since spring whether Fortescue Metals (FMG.Australia) is a good short. Fortescue Metals has been a stunning success this year not only because of the iron ore price rally. Lower leverage boosts equity shareholders' value, which is why I have not gone negative on Fortescue so far.
- Moody's•3 days ago
Sydney, August 23, 2016-- Moody's Investors Service has upgraded Fortescue Metals Group Ltd's corporate family rating to Ba2 from Ba3. At the same time, Moody's has also upgraded the senior unsecured and ...
- CNBC•3 days ago
Australia's Fortescue Metals Group reported a full-year net profit of $985 million, triple last year's $316 million net profit for the year to end-June.
Fortescue Metals Group Limited (FMG.AX)
ASX - ASX Delayed Price. Currency in AUD
|Day's Range||4.76 - 4.92|
|52wk Range||1.44 - 5.13|
|1y Target Est||N/A|
|P/E Ratio (ttm)||15.51|
|Avg Vol (3m)||16,988,239|
|Dividend & Yield||N/A (N/A)|