Fortescue Metals Group Ltd (FMG)

17.220
+0.150(+0.88%)
  • Volume:
    2,807,862
  • Bid/Ask:
    17.220/17.230
  • Day's Range:
    17.070 - 17.360

FMG Overview

Prev. Close
17.07
Day's Range
17.07-17.36
Revenue
30.93B
Open
17.24
52 wk Range
13.9-26.58
EPS
4.27
Volume
2,807,862
Market Cap
53.18B
Dividend (Yield)
3.24
(17.40%)
Average Volume (3m)
8,786,329
P/E Ratio
4.00
Beta
0.88
1-Year Change
-27.35%
Shares Outstanding
3,076,704,131
Next Earnings Date
28 Aug 2022
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Fortescue Metals Group Ltd News

Fortescue Metals Group Ltd Analysis

Fortescue Metals Group Ltd Company Profile

Fortescue Metals Group Ltd Company Profile

Sector
Materials
Employees
0
Market
Australia

Fortescue Metals Group Ltd (Fortescue) is an Australia-based company engaged in iron ore mining. The Company is engaged in development of infrastructure and mining assets. It is focused on exploration, development, production, processing, and sale of iron ore. Fortescue owns and operates a fully integrated infrastructure and supply chain, including five-berth Herb Elliott Port in Port Hedland; the Judith Street Harbour towage infrastructure and the heavy-haul railway covering 620 kilometers of track. Fortescue is also developing the Eliwana Mine and Rail Project and the Iron Bridge Magnetite Project. It is also focused on Paterson and Rudall projects in Western Australia and a drilling program at Vulcan South on the Tasman Resources Joint Venture project in South Australia. Fortescue activities include drilling programs in Argentina and exploration activities over several project areas in Chile, Brazil and Ecuador. It also operates The Solomon Hub in the Hamersley Ranges.

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Technical Summary

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SummaryStrong BuyStrong BuyNeutralStrong SellSell
  • Channeling 10% profits into future focussed renewables from this year on. Australia well positioned to be a renewables powerhouse. Fortescue researching green steel from hydrogen. This is no longer just an iron ore miner.
    1
    • Looks interesting but with global slowing down as a result of US trade war with China and EU, demand for iron ore will plunge. Future prospects looks dim and likely to affect future performance
      0