FMG.AX - Fortescue Metals Group Limited

ASX - ASX Delayed Price. Currency in AUD
4.63
-0.08 (-1.70%)
At close: 4:10PM AEST
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Previous Close4.71
Open4.68
Bid4.62 x 0
Ask4.66 x 0
Day's Range4.62 - 4.71
52 Week Range4.18 - 6.07
Volume9,514,878
Avg. Volume15,904,164
Market Cap14.411B
Beta1.13
PE Ratio (TTM)9.32
EPS (TTM)0.50
Earnings DateFeb 20, 2018 - Feb 26, 2018
Forward Dividend & Yield0.51 (11.33%)
Ex-Dividend Date2018-03-01
1y Target Est4.03
  • Iron Ore Billionaire Studying 1,500-Mile Gas Pipeline Dream
    Bloomberg10 days ago

    Iron Ore Billionaire Studying 1,500-Mile Gas Pipeline Dream

    Billionaire Andrew Forrest is studying a proposed 1,500-mile (2,400-kilometer) transcontinental natural gas pipeline across Australia as part of his iron ore company’s strategy to diversify.

  • Reuters10 days 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.

  • Reuters10 days 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
    Bloomberg11 days 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 ...

  • Iron Ore Giant Says Miners Have Shut Gates on Adding New Supply
    Bloomberg13 days ago

    Iron Ore Giant Says Miners Have Shut Gates on Adding New Supply

    Global iron ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies, according to Fortescue Metals ...

  • China Demand for Steel Is Still Strong Says Fortescue CEO
    Bloomberg13 days ago

    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
    Bloomberg13 days ago

    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.20 days 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.22 days 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 Newswirelast month

    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's2 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 Newswire2 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
    Bloomberg2 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)

  • Bloomberg2 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)

  • The Wall Street Journal3 months ago

    [$$] Fortescue Quarterly Iron-ore Shipments, Costs Fall

    Fortescue Metals Group said it shipped less iron ore last quarter, while output costs also edged to a new low.

  • Reuters3 months ago

    Chinese steel mills win domestic iron ore pricing in some 2018 contracts

    Chinese steelmakers have succeeded in a push to include domestic iron ore price indices in some 2018 annual supply contracts with global miners, four industry sources said, as the world's top buyer boosts its clout over pricing of major commodities. The move marks a major step in the evolution of iron ore pricing after the industry abandoned decades-old closed door talks between miners and steelmakers in 2010 in favour of a daily price index.

  • Is Fortescue Metals Group Limited’s (ASX:FMG) Balance Sheet A Threat To Its Future?
    Simply Wall St.3 months ago

    Is Fortescue Metals Group Limited’s (ASX:FMG) Balance Sheet A Threat To Its Future?

    The size of Fortescue Metals Group Limited (ASX:FMG), a A$16.52B large-cap, often attracts investors seeking a reliable investment in the stock market. One reason being its ‘too big to fail’Read More...

  • Reuters3 months ago

    Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies

    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.

  • An Intrinsic Value Calculation For Fortescue Metals Group Limited (ASX:FMG) Shows It’s 22.87% Undervalued
    Simply Wall St.3 months ago

    An Intrinsic Value Calculation For Fortescue Metals Group Limited (ASX:FMG) Shows It’s 22.87% Undervalued

    In this article I am going to calculate the intrinsic value of Fortescue Metals Group Limited (ASX:FMG) using the discounted cash flows (DCF) model. If you want to learn moreRead More...

  • Reuters3 months ago

    Australia forecasts 20 percent iron ore price drop in 2018 as China demand eases

    Australia on Monday said it expects iron ore prices to average $51.50 a tonne this year, down 20 percent from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks. The government projection is out of step with some private forecasts, with UBS and Citi calling for iron ore prices to average around $64 a tonne in 2018 - flat on 2017's $64.30 - with the market proving suprisingly resilient. Spot iron ore, currently around $75 a tonne , last traded below $52 in June 2017, but Department of Industry, Innovation and Science resource and energy analyst David Thurtell pointed to an expected contraction in China's steel industry.

  • Fortescue CEO on steel fundamentals and the demand for ir...
    CNBC Videos14 days ago

    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.