|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||3.10 - 3.10|
|52 Week Range||2.98 - 4.79|
|PE Ratio (TTM)||6.24|
|Forward Dividend & Yield||0.28 (8.88%)|
|1y Target Est||N/A|
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.
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.
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.
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.
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...
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SYDNEY—Miners are encountering a new threat to their recovery from a deep downturn: China, which buys two-thirds of global iron-ore exports, is getting pickier about the kind of iron ore it wants. The price gap between high iron-content ore and lower iron-content ore has doubled in the past two years—prompting a major rethink in strategy among mining companies used to finding ready buyers in Asia for all types of ore. The yawning price differential is a consequence of a shift in China’s more-profitable steel sector toward bigger, greener mills, which run better on higher-grade ore.
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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.
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 ...
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 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: ...
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...
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Australia's Port Hedland iron ore terminal expects to clear all remaining vessels from its harbour by 1030 GMT as a safety measure after a tropical cyclone intensified off the nation's western coast on Thursday, Pilbara Ports Authority said.