FMG.AX - Fortescue Metals Group Limited

ASX - ASX Delayed Price. Currency in AUD
3.95
+0.16 (+4.22%)
At close: 4:10PM AEST
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Previous Close3.79
Open3.81
Bid4.14 x 0
Ask3.90 x 0
Day's Range3.80 - 3.97
52 Week Range3.52 - 5.46
Volume35,639,878
Avg. Volume12,811,835
Market Cap12.295B
Beta1.05
PE Ratio (TTM)14.06
EPS (TTM)0.28
Earnings DateFeb 20, 2018 - Feb 26, 2018
Forward Dividend & Yield0.23 (6.28%)
Ex-Dividend Date2018-08-31
1y Target Est3.48
  • Fortescue CEO on Earnings, Business Strategy, M&A
    Bloomberg Videolast month

    Fortescue CEO on Earnings, Business Strategy, M&A

    Aug.20 -- Elizabeth Gaines, chief executive officer at Fortescue Metals Group, discusses earnings, their business strategy, demand from China, how the U.S.-China trade tensions may impact her business, their key markets, M&A activity, exploration activities and where she's finding opportunities. She speaks on "Bloomberg Markets: Asia."

  • The mining sector is facing higher costs: CEO
    CNBC Videoslast month

    The mining sector is facing higher costs: CEO

    Elizabeth Gaines, CEO of Fortescue Metals Group, shares how the company remains "the lowest cost producer" in the mining sector.

  • Fortescue Metals CEO discusses the company's future outlo...
    CNBC Videos5 months ago

    Fortescue Metals CEO discusses the company's future outlo...

    Reforms in China are likely to continue and more growth in the South Asia region is expected over the next two decades, says Elizabeth Gaines of Fortescue Metals.

  • Why Fortescue Metals Group Limited (ASX:FMG) Is An Attractive Investment
    Simply Wall St.3 days ago

    Why Fortescue Metals Group Limited (ASX:FMG) Is An Attractive Investment

    Attractive stocks have exceptional fundamentals. In the case of Fortescue Metals Group Limited (ASX:FMG), there’s is a company that has been able to sustain great financial health, trading at anRead More...

  • Who Are The Top Investors In Fortescue Metals Group Limited (ASX:FMG)?
    Simply Wall St.6 days ago

    Who Are The Top Investors In Fortescue Metals Group Limited (ASX:FMG)?

    A look at the shareholders of Fortescue Metals Group Limited (ASX:FMG) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually seeRead More...

  • Will Fortescue Metals Group Limited’s (ASX:FMG) Earnings Grow In The Year Ahead?
    Simply Wall St.17 days ago

    Will Fortescue Metals Group Limited’s (ASX:FMG) Earnings Grow In The Year Ahead?

    Since Fortescue Metals Group Limited (ASX:FMG) released its earnings in June 2018, it seems that analyst forecasts are fairly optimistic, with earnings expected to grow by 8.6% in the upcomingRead More...

  • Fortescue Metals Group Limited (ASX:FMG): Dividend Is Coming In 2 Days, Should You Buy?
    Simply Wall St.27 days ago

    Fortescue Metals Group Limited (ASX:FMG): Dividend Is Coming In 2 Days, Should You Buy?

    Attention dividend hunters! Fortescue Metals Group Limited (ASX:FMG) will be distributing its dividend of US$0.12 per share on the 02 October 2018, and will start trading ex-dividend in 2 daysRead More...

  • Reuterslast month

    Tipping point? Inflation creep at Australia's mines to erode margins

    As Australia's big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labour to fuel to equipment have begun to rise, driving up costs and eating into margins. Having repaired their balance sheets after a harrowing shake-out from a decade-long mining boom in 2013-2014, miners are again ploughing money into new projects. "The pressures are coming," said Rohan Walsh, a portfolio manager at Karara Capital in Melbourne.

  • Fortescue CEO on Earnings, Business Strategy, M&A
    Bloomberglast month

    Fortescue CEO on Earnings, Business Strategy, M&A

    Elizabeth Gaines, chief executive officer at Fortescue Metals Group, discusses earnings, their business strategy, demand from China, how the U.S.-China trade tensions may impact her business, their key ...

  • The Wall Street Journallast month

    [$$] Fortescue Profit Slumps, Dividend Slashed

    Ltd. (FMG.AU) more than halved its dividend after a sharp fall in annual profit and offered more detail around plans to reinvigorate earnings by changing the type of iron ore it sells. The world’s fourth-biggest exporter of iron ore on Monday recorded a 58% slump in net profit for the 12 months through June, to US$879 million. “High profit margins being realized by Chinese steel mills, uncertainty surrounding environmental restrictions and high coal prices supported increased demand for high iron-content ores,” Fortescue said in an annual report on Monday.

  • Reuters2 months ago

    Focus: Survival of the finest: miners reboot as smog-hit China seeks high grade ore

    BEIJING/MANILA (Reuters) - For miners seeking to cater to the changing appetite of China, the world's biggest iron ore importer, all eyes are on Tangshan, the country's biggest steel-making city and the drastic measures it's taking to rein in pollution. Tangshan has also warned mills they could face closure if they don't meet emission targets by October. The impact on pricing for iron ore has been dramatic and miners are scrambling to revamp their strategies in response.

  • Fortescue Metals Group Limited (ASX:FMG) Is Trading At A 37.58% Discount
    Simply Wall St.3 months ago

    Fortescue Metals Group Limited (ASX:FMG) Is Trading At A 37.58% Discount

    Does the share price for Fortescue Metals Group Limited (ASX:FMG) reflect it’s really worth? Today, I will calculate the stock’s intrinsic value by estimating the company’s future cash flows andRead More...

  • Best Cheap Stocks To Buy
    Simply Wall St.3 months ago

    Best Cheap Stocks To Buy

    Companies that are recently trading at a market price lower than their real values include New Hope and Dark Horse Resources. Investors can benefit from buying these companies while theyRead More...

  • Moody's3 months ago

    Atlas Iron Limited -- Moody's downgrades Atlas Iron to Caa2; ratings remain on review -- direction uncertain

    Moody's Investors Service has downgraded the corporate family rating (CFR) and senior secured rating of Atlas Iron Limited to Caa2 from B3. The downgrade reflects the increased uncertainty around the potential that Atlas will be acquired by Mineral Resources Limited (MinRes, unrated) or another party. The ratings remain on review -- direction uncertain.

  • Should Fortescue Metals Group Limited (ASX:FMG) Be Part Of Your Portfolio?
    Simply Wall St.4 months ago

    Should Fortescue Metals Group Limited (ASX:FMG) Be Part Of Your Portfolio?

    Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Over the past 7 years, Fortescue Metals GroupRead More...

  • Value-Adding Materials Dividend Stocks To Buy Now
    Simply Wall St.5 months ago

    Value-Adding Materials Dividend Stocks To Buy Now

    The oil price recovery and strong economic momentum have benefited the materials sector with companies involved in steel, chemicals and mining. Therefore, this industry is a macroeconomic play with theRead More...

  • Reuters5 months ago

    China opens iron ore market to the world in pricing, image push

    MANILA/BEIJING, May 3 (Reuters) - China opens trade in Dalian iron ore futures to foreign investors from Friday, aiming to boost its pricing clout for one of its top imports and hoping traders will take a market notorious for retail speculators more seriously. Iron ore is the second commodity China is opening to outside investors after launching crude oil futures in late March.

  • China's Shrinking Steel Stockpiles Seen Giving Iron Ore a Boost
    Bloomberg5 months ago

    China's Shrinking Steel Stockpiles Seen Giving Iron Ore a Boost

    Falling steel inventories in China point to an improving outlook for iron ore through the rest of this half, according to one of the world’s top exporters of the raw material.

  • Reuters5 months ago

    Terra Firma seeks premium for ‘Project Ribeye’ Australian farm sale

    British private equity firm Terra Firma [TERA.UL] is aiming to raise more than A$1 billion ($775 million) for its Australian cattle stations, sources said, arguing for a hefty mark-up that has already priced at least one local party out of the process. With first round bids due imminently, the high expectations could leave foreign bidders in the box seat, testing the government's appetite for foreign ownership of sensitive assets less than two years after it rejected China-led bids for a major energy grid and agricultural company. Terra Firma, which bought Consolidated Pastoral Co (CPC) in 2009, is seeking a 20 percent-plus premium to a 2017 asset valuation, two people with direct knowledge of the sale said, arguing that some land can be developed to grow high-yielding crops.

  • Reuters5 months ago

    FOCUS-Terra Firma seeks premium for ‘Project Ribeye’ Australian farm sale

    British private equity firm Terra Firma is aiming to raise more than A$1 billion ($775 million) for its Australian cattle stations, sources said, arguing for a hefty mark-up that has already priced at least one local party out of the process. With first round bids due imminently, the high expectations could leave foreign bidders in the box seat, testing the government's appetite for foreign ownership of sensitive assets less than two years after it rejected China-led bids for a major energy grid and agricultural company. Terra Firma, which bought Consolidated Pastoral Co (CPC) in 2009, is seeking a 20 percent-plus premium to a 2017 asset valuation, two people with direct knowledge of the sale said, arguing that some land can be developed to grow high-yielding crops.

  • Fortescue Metals Chairman Does Not Want to See a Trade War
    Bloomberg5 months ago

    Fortescue Metals Chairman Does Not Want to See a Trade War

    Stephen Engle interviews Fortescue Metals Chairman, Andrew Forrest, at the Boao Forum for Asia on China's Hainan Island. He talks about the ramifications of a U.S.-China trade war, Xi Jinping's response ...