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Fortescue Metals Group Ltd (AU:FMG)
ASX:FMG
RESEARCH TOOLSreports
Fortescue Metals Group Ltd (FMG) Share Price & Analysis
260 Followers
FMG Stock Chart & Stats
Day’s RangeAU$0 - AU$0
52-Week RangeAU$17.27 - AU$28.77
Previous CloseAU$25.59
Volume438.69K
Average Volume (3M)6.18M
Market Cap
AU$78.46B
Enterprise ValueAU$80.11B
Total Cash (Recent Filing)$5.22B
Total Debt (Recent Filing)$6.10B
Price to Earnings (P/E)9.0
Beta1.56
Next Earnings
Aug 28, 2024EPS Estimate
AU$1.21Last Dividend Ex-Date
Feb 28, 2024Dividend Yield8.6%
Share Statistics
EPS (TTM)2.83
Shares Outstanding3,078,964,918
10 Day Avg. Volume10,088,525
30 Day Avg. Volume6,184,118
Standard Deviation0.12
R-Squared0.08
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit7.19
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$20.17Price Target Upside-20.71% Downside
Rating ConsensusStrong Sell
Number of Analyst Covering9
Fortescue Metals Group Ltd News
PremiumCompany Announcements
Fortescue Metals Achieves Record Shipping Recovery
PremiumCompany Announcements
Fortescue Announces Cessation of Securities
PremiumCompany Announcements
Fortescue Director’s Shareholdings Increase
Bulls Say, Bears Say
Bulls Say
Financial HealthThe company demonstrates robust financial health with strong cash flow and a significantly reduced net debt position.
Financial PerformanceFMG reported another strong quarter with impressive iron ore shipments and a hematite realized price close to index levels, combined with low unit costs.
Operational EfficiencyHematite unit costs are tracking favorably, remaining below the forecasted range, signaling efficient operational management.
Bears Say
Guidance DowngradeIron Bridge is now expected to ship 2Mt of magnetite concentrate in FY24, down from prior 2-4Mt guidance, with commissioning delays and necessary repairs impacting ramp-up speed.
Investment ConcernsSpend levels on projects are running below expectations due to a weaker AUD and slower rollout of the Pilbara decarbonization program.
Production ChallengesFMG reported a weaker-than-expected March quarter with iron ore shipments and realized prices missing expectations, reflecting challenges such as wet weather and a train derailment.
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Options Prices
Currently, No data available
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Ownership Overview
39.31% Insiders
9.55% Mutual Funds
4.90% Other Institutional Investors
46.25% Public Companies and
Individual Investors
FMG FAQ
What was Fortescue Metals Group Ltd’s price range in the past 12 months?
Fortescue Metals Group Ltd lowest share price was AU$17.27 and its highest was AU$28.77 in the past 12 months.
What is Fortescue Metals Group Ltd’s market cap?
Currently, no data Available
When is Fortescue Metals Group Ltd’s upcoming earnings report date?
Fortescue Metals Group Ltd’s upcoming earnings report date is Aug 28, 2024 which is in 121 days.
How were Fortescue Metals Group Ltd’s earnings last quarter?
Fortescue Metals Group Ltd released its earnings results on Feb 21, 2024. The company reported AU$1.501 earnings per share for the quarter, missing the consensus estimate of AU$1.603 by -AU$0.103.
Is Fortescue Metals Group Ltd overvalued?
According to Wall Street analysts Fortescue Metals Group Ltd’s price is currently Overvalued.
Does Fortescue Metals Group Ltd pay dividends?
Fortescue Metals Group Ltd pays a Annually dividend of AU$1.08 which represents an annual dividend yield of 8.6%. See more information on Fortescue Metals Group Ltd dividends here
What is Fortescue Metals Group Ltd’s EPS estimate?
Fortescue Metals Group Ltd’s EPS estimate is AU$1.21.
How many shares outstanding does Fortescue Metals Group Ltd have?
Fortescue Metals Group Ltd has 3,078,965,000 shares outstanding.
What happened to Fortescue Metals Group Ltd’s price movement after its last earnings report?
Fortescue Metals Group Ltd reported an EPS of AU$1.501 in its last earnings report, missing expectations of AU$1.603. Following the earnings report the stock price went up 2.128%.
Which hedge fund is a major shareholder of Fortescue Metals Group Ltd?
Currently, no hedge funds are holding shares in AU:FMG
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Fortescue Metals Group Ltd Stock Smart Score
Neutral
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Analyst Consensus
Strong Sell
Average Price Target:
AU$20.17 (-20.71% Downside)
AU$20.17 (-20.71% Downside)
Blogger Sentiment
Bullish
AU:FMG Sentiment 87%
Sector Average 72%
Sector Average 72%
Insider Transactions
Bought Shares
Worth $32.9K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.09%
12-Months-Change
Fundamentals
Return on Equity
31.60%
Trailing 12-Months
Asset Growth
6.83%
Trailing 12-Months
Company Description
Fortescue Metals Group Ltd
Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the China and Other geographical segments. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron Bridgen and copper-gold exploration. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.
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FMG Company Deck
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FMG Earnings Call
Q2 2024
0:00 / 0:00
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FMG Stock 12 Months Forecast
Average Price Target
AU$20.17
▼(-20.71% Downside)
Technical Analysis
Best Analysts Covering FMG
1 Year
1 Year Success Rate
10/16 ratings generated profit
1 Year Average Return
-1.57%
reiterated a sell rating 2 months ago
Copying Lachlan Shaw's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of -1.57% per trade.
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