FMG.AX - Fortescue Metals Group Limited

ASX - ASX Delayed Price. Currency in AUD
4.71
-0.15 (-3.09%)
At close: 4:10PM AEST
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Previous Close4.86
Open4.78
Bid4.70 x 0
Ask4.72 x 0
Day's Range4.70 - 4.79
52 Week Range4.18 - 6.07
Volume13,698,812
Avg. Volume14,269,352
Market Cap14.66B
Beta1.18
PE Ratio (TTM)9.48
EPS (TTM)0.50
Earnings DateAug 20, 2018
Forward Dividend & Yield0.51 (10.33%)
Ex-Dividend Date2018-03-01
1y Target Est3.87
  • Fortescue Metals CEO discusses the company's future outlo...
    CNBC Videos20 days 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.

  • Fortescue CEO on steel fundamentals and the demand for ir...
    CNBC Videoslast month

    Fortescue CEO on steel fundamentals and the demand for ir...

    Elizabeth Gaines of Fortescue Metals explains why the U.S. tariffs on steel are unlikely to have much of an impact on its iron ore business.

  • Value-Adding Materials Dividend Stocks To Buy Now
    Simply Wall St.16 days 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...

  • Reuters18 days 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
    Bloomberg28 days 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.

  • The Wall Street Journal28 days ago

    [$$] Fortescue Metals Quarterly Shipments Slip

    Fortescue Metals Group Ltd. said it shipped less iron ore last quarter and continued to grapple with a deep discount on its sales of the commodity versus benchmark prices.

  • Reuterslast month

    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.

  • Reuterslast month

    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
    Bloomberglast month

    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 ...

  • China Demand for Steel Is Still Strong Says Fortescue CEO
    Bloomberglast month

    China Demand for Steel Is Still Strong Says Fortescue CEO

    Fortescue Metals Group CEO Elizabeth Gaines weighs in on trade tariffs, U.S. and China tensions, and talks about the demand for iron ore. She speaks with Stephen Engle from the Boao Forum for Asia, in ...

  • Fortescue CEO Says Tariffs Won't Have Much Impact on Demand for Iron Ore
    Bloomberglast month

    Fortescue CEO Says Tariffs Won't Have Much Impact on Demand for Iron Ore

    Fortescue Metals Group CEO Elizabeth Gaines discusses the impact of U.S.-China trade friction on the iron ore market on "Bloomberg Markets: European Open" from the Boao Forum for Asia. (Source: ...

  • Can Fortescue Metals Group Limited’s (ASX:FMG) ROE Continue To Surpass The Industry Average?
    Simply Wall St.2 months ago

    Can Fortescue Metals Group Limited’s (ASX:FMG) ROE Continue To Surpass The Industry Average?

    Fortescue Metals Group Limited (ASX:FMG) outperformed the Steel industry on the basis of its ROE – producing a higher 15.84% relative to the peer average of 11.68% over the pastRead More...

  • Discounted Materials Stock Picks
    Simply Wall St.2 months ago

    Discounted Materials Stock Picks

    The materials industry is deeply cyclical with producers benefiting highly during an economic boom and many players going bankrupt in a bust. Hence an eye toward macroeconomic factors, such asRead More...

  • PR Newswire2 months ago

    Fortescue Announces Results Of Offer To Purchase For Cash Certain Of Its Debt Securities And Determination Of Total Consideration

    PERTH, Australia, March 8, 2018 /PRNewswire/ -- FMG Resources (August 2006) Pty Ltd (the "Company"), a direct wholly-owned subsidiary of Fortescue Metals Group Ltd ("Fortescue") (FMG.AX), announced today that as of 5:00 p.m., New York time, on March 7, 2018 (the "Early Participation Date"), pursuant to its offer to purchase (the "Tender Offer") for cash up to US$1,400,000,000 (the "Tender Cap") in aggregate principal amount of its 9.750% Senior Secured Notes due 2022 (the "Notes"), the Company has received tenders of and accepted for purchase US$446,912,000 aggregate principal amount of the Notes. On March 8, 2018 (the "Early Settlement Date"), the Company will pay the Total Consideration for such Notes as set forth in the table below.  The Total Consideration was determined in accordance with the terms of the Tender Offer based on the principal amounts of Notes tendered.

  • Moody's3 months ago

    FMG Resources (August 2006) Pty Ltd -- Moody's affirms Fortescue's ratings; upgrades senior unsecured

    Moody's Investors Service has affirmed Fortescue Metals Group Ltd's Ba1 corporate family rating (CFR) and the Baa3 senior secured rating of FMG Resources (August 2006) Pty Ltd. At the same time, Moody's ...

  • PR Newswire3 months ago

    Fortescue Announces Offer To Purchase For Cash Certain Of Its Debt Securities

    PERTH, Australia, Feb. 21, 2018 /PRNewswire/ -- FMG Resources (August 2006) Pty Ltd (the "Company"), an Australian corporation and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd ("Fortescue") (FMG.AX), an Australian corporation, announced today that it is offering to purchase for cash up to US$1,400,000,000 (the "Tender Cap") in aggregate principal amount of its 9.750% Senior Secured Notes due 2022 (the "Notes"). The complete terms of the tender offer are set forth in an Offer to Purchase, dated as of today (the "Offer to Purchase"), and the related Letter of Transmittal (the "Letter of Transmittal") and any amendments or supplements thereto. The Early Participation Date for the tender offer is 5:00 p.m., New York City time, on March 7, 2018, and the Expiration Date is 11:59 p.m., New York City time, on March 21, 2018.

  • Fortescue Profits Take a Tumble
    Bloomberg3 months ago

    Fortescue Profits Take a Tumble

    Fortescue CEO Elizabeth Gaines discusses the company's earnings and performance, and talks about iron ore shipments to China. She speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)

  • Bloomberg3 months ago

    Fortescue's Return on Equity Slips to 7%

    Bloomberg's Paul Allen reports on the Australian stock market. He speaks with Ramy Inocencio and Yvonne Man on "Bloomberg Daybreak: Australia." (Source: Bloomberg)