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Fortescue Ltd (FSUGY)

32.32

+0.48

(+1.50%)

At close: April 24 at 3:59 PM EDT

Iron Ore Rises to Seven-Week High on Fortescue View, China Hopes

(Bloomberg) -- Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Soars as Musk’s Cheaper EVs

Bloomberg 21 hours ago

FSUGY
+1.50%
Fortescue Iron Ore Exports Take Hit From Derailment, Weather

(Bloomberg) -- Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its Western Australian mines.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Speeds Cheaper EV Plans, Calming Fears Over StrategyBillionair

Bloomberg yesterday

FSUGY
+1.50%
Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of Guidance

Fortescue expects annual iron-ore shipments at the lower end of its prior forecast range after an ore car derailment and bad weather affected its operations in the third quarter.

The Wall Street Journal yesterday

FSUGY
+1.50%
FSUMF
-0.89%
UPDATE 2-Fortescue iron ore shipments fall short after derailment

Australia's Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments. The world's fourth-largest iron ore miner said it shipped 43.3 million metric tons of the steel-making commodity in the three months ended March 31, down from 46.3 million tonnes a year earlier.

Reuters yesterday

FSUGY
+1.50%
Fortescue Ltd. Sponsored ADR (FSUGY) Upgraded to Strong Buy: Here's Why

Fortescue Ltd. Sponsored ADR (FSUGY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zacks 2 days ago

FSUGY
+1.50%
New Strong Buy Stocks for April 22nd

OFG, GFI, FSUGY, BMI and FHN have been added to the Zacks Rank #1 (Strong Buy) List on April 22, 2024

Zacks 2 days ago

OFG

BMI

FSUGY
+1.50%
Best Income Stocks to Buy for April 22nd

FSUGY, FHN and GFI made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 22, 2024.

Zacks 2 days ago

FSUGY
+1.50%
20 Biggest Precious Metals and Minerals Companies in Australia in 2024

In this article, we will look at the 20 Biggest Precious Metals and Minerals Companies in Australia in 2024. If you want to see more of the Biggest Precious Metals and Minerals Companies in Australia in 2024, go directly to the 5 Biggest Precious Metals and Minerals Companies in Australia in 2024. Given several industrial and […]

Insider Monkey 12 days ago

HL

CDE

FSUGY
+1.50%
Fortescue Ltd's (ASX:FMG) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

With its stock down 5.8% over the past three months, it is easy to disregard Fortescue (ASX:FMG). However, the...

Simply Wall St. 13 days ago

FSUGY
+1.50%
FSUMF
-0.89%
The $40 Billion Fund That’s Gambling With Europe’s Climate Goal

(Bloomberg) -- A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity.Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterIran Vows to Punish Israel Over Deadly Syria Embassy StrikeErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownThe

Bloomberg 22 days ago

FSUGY
+1.50%
Hydrogen industry pleads for easier path to US tax credits

Some companies planning to use new U.S. tax credits to deploy hydrogen projects urged the Treasury Department this week to ease proposed environmental requirements, warning that they could hinder the nascent industry’s takeoff. Treasury and the Internal Revenue Service hosted hearings this week on the guidance they released in December governing implementation of the Clean Hydrogen Production, or 45V, tax credit, one of the most lucrative incentives in the 2022 Inflation Reduction Act. The credit would create a 10-year incentive for clean hydrogen production of up to $3.00/kilogram.

Reuters 28 days ago

FSUGY
+1.50%
Calculating The Fair Value Of Fortescue Ltd (ASX:FMG)

Key Insights Fortescue's estimated fair value is AU$26.92 based on Dividend Discount Model Current share price of...

Simply Wall St. 29 days ago

FSUGY
+1.50%
UPDATE 1-Fortescue eyes developing its copper assets, not looking at Cobre Panama

Australia's Fortescue , the world's fourth-largest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman told Reuters on Saturday. However, he said the company was not looking at First Quantum's idled Cobre Panama copper mine. Cobre Panama, one of the world's largest open-pit copper mines, was forced to shut in December after Panama's top court ruled its contract was unconstitutional.

Reuters last month

FSUGY
+1.50%
Fortescue eyes developing its copper assets, not looking at Cobre Panama

Australia's Fortescue , the world's fourth-largest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman told Reuters on Saturday. However, he said the company was not looking at First Quantum's idled Cobre Panama copper mine. Cobre Panama, one of the world's largest open-pit copper mines, was forced to shut down in December after Panama's top court ruled that its contract was unconstitutional.

Reuters last month

FSUGY
+1.50%
The Fortescue Ltd (FMG.AX) Interim Results Are Out And Analysts Have Published New Forecasts

Last week saw the newest half-year earnings release from Fortescue Ltd ( FMG.AX ), an important milestone in the...

Simply Wall St. last month

FSUGY
+1.50%
Fortescue First-Half Net Up 41%, Raises Dividend

Fortescue reported a 41% rise in first-half net profit and raised its midyear payout to shareholders, reflecting an increase in the price it fetched for its iron ore..

The Wall Street Journal 2 months ago

FSUGY
+1.50%
FSUMF
-0.89%
Fortescue Metals Group Ltd. (FSUGY) Upgraded to Strong Buy: Here's What You Should Know

Fortescue Metals Group Ltd. (FSUGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Zacks 2 months ago

FSUGY
+1.50%
Carbon capture tech a 'complete falsehood', says Fortescue Metals chairman

Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday. Speaking at the 50th anniversary meeting of the International Energy Agency, Australian billionaire Forrest said the investment community needs a level-playing field and honest answers from political leaders on phasing out fossil fuels in order to invest.

Reuters 2 months ago

FSUGY
+1.50%
26 Largest Mining Companies by Market cap

This article will list the 26 Largest Mining Companies by Market cap. If you want to skip our overview of the mining sector, got to 5 Largest Mining Companies by Market cap. In the dynamic realm of global resource extraction, the landscape is defined by the prowess of mining companies that play a pivotal role […]

Insider Monkey 2 months ago

FSUGY
+1.50%
NTR

WPM
Fortescue works to clear iron ore held in China as quarterly shipments rise

MELBOURNE (Reuters) -Fortescue will work with Chinese authorities to resolve the delays keeping some of its iron ore cargoes from clearing customs, a company official said on Thursday. The comments on the Chinese customs delays came during a conference call discussing the world's fourth-largest iron ore miner's quarterly production, which largely met analyst expectations. Responding to a question on whether the company was expecting more customs checks on its iron ore cargoes to China, Vivienne Tieu, Fortescue's director of sales, marketing and shipping, said, "We will just work through with the relevant port authorities to understand what they need, such that we clear the cargoes as soon as possible."

Reuters 2 months ago

FSUGY
+1.50%

Performance Overview

Return	FSUGY	S&P/ASX 200 [XJO]
YTD	-14.18%	+1.21%
1-Year	+24.99%	+4.93%
3-Year	+36.28%	+8.81%

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Fortescue Ltd (FSUGY)

Iron Ore Rises to Seven-Week High on Fortescue View, China Hopes

Fortescue Iron Ore Exports Take Hit From Derailment, Weather

Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of Guidance

UPDATE 2-Fortescue iron ore shipments fall short after derailment

Fortescue Ltd. Sponsored ADR (FSUGY) Upgraded to Strong Buy: Here's Why

New Strong Buy Stocks for April 22nd

Best Income Stocks to Buy for April 22nd

20 Biggest Precious Metals and Minerals Companies in Australia in 2024

Fortescue Ltd's (ASX:FMG) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

The $40 Billion Fund That’s Gambling With Europe’s Climate Goal

Hydrogen industry pleads for easier path to US tax credits

Calculating The Fair Value Of Fortescue Ltd (ASX:FMG)

UPDATE 1-Fortescue eyes developing its copper assets, not looking at Cobre Panama

Fortescue eyes developing its copper assets, not looking at Cobre Panama

The Fortescue Ltd (FMG.AX) Interim Results Are Out And Analysts Have Published New Forecasts

Fortescue First-Half Net Up 41%, Raises Dividend

Fortescue Metals Group Ltd. (FSUGY) Upgraded to Strong Buy: Here's What You Should Know

Carbon capture tech a 'complete falsehood', says Fortescue Metals chairman

26 Largest Mining Companies by Market cap

Fortescue works to clear iron ore held in China as quarterly shipments rise

Performance Overview