Fortescue Ltd

FMG

AU000000FMG4

Iron & Steel

Market Closed - Australian S.E. Other stock markets 02:10:45 2024-05-10 am EDT			5-day change	1st Jan Change
26.21 ^AUD	-0.76%		+2.14%	-9.68%

May. 06	Financials, property stocks push Australian shares higher	RE
Apr. 30	Australian shares edge higher with Fed policy decision in focus	RE

Fortescue Metals Group Limited Provides Production Guidance for the Year 2023

October 26, 2022 at 06:29 pm EDT

Fortescue Metals Group Limited provided production guidance for the year 2023. For the year, the company expects Iron ore shipments of 187-192mt, including approximately 1mt from Iron Bridge (100% basis).

Latest news about Fortescue Ltd

Financials, property stocks push Australian shares higher	May. 06	RE
Australian shares edge higher with Fed policy decision in focus	Apr. 29	RE
Materials Slip as Dollar Strength Weighs -- Materials Roundup	Apr. 24	DJ
News Highlights : Top Company News of the Day - Wednesday at 1 AM ET	Apr. 24	DJ
Australian shares cut gains as inflation slowdown disappoints	Apr. 23	RE
Australian shares climb on banks, energy boost; March-quarter CPI in focus	Apr. 23	RE
News Highlights : Top Company News of the Day - Tuesday at 9 PM ET	Apr. 23	DJ
Fortescue's Fiscal Q3 Iron Ore Shipments Down 6%; Full-Year Forecast Seen at Lower End	Apr. 23	MT
Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of Guidance	Apr. 23	DJ
Australian shares face worst week in 19 months on US rate cut woes, geopolitical concerns	Apr. 18	RE
KBR to Provide Green Ammonia Technology for Fortescue's Project in Norway	Apr. 17	MT
Australian shares flat as miners counter gains in banks, gold stocks	Apr. 16	RE
Australian shares follow Wall Street lower, commodity stocks top drag	Apr. 15	RE
Australian shares fall after Iran's attack on Israel; banks top drag	Apr. 14	RE
Australian prosecutors drop billionaire Forrest's case against Meta	Apr. 12	RE
Australian shares inch lower as miners drag	Apr. 11	RE
Miners boost Australian shares; NZ cenbank keeps rates steady	Apr. 10	RE
New Zealand shares hold gains as c.bank expectedly holds rate; Aussie shares up	Apr. 09	RE
Australian shares rise on mining and healthcare boost; US CPI data, RBNZ in focus	Apr. 09	RE
Sparc Technologies-Fortescue JV Completes Second Reactor Prototype Testing	Apr. 08	MT
Australian shares advance as miners shine; US inflation data in focus	Apr. 08	RE
Australia's Fortescue partners with OCP Group for green energy development in Morocco	Apr. 08	RE
Financials lead gains on the Australian bourse	Apr. 07	RE
Mining billionaire Andrew Forrest urges China to demand greener nickel, FT reports	Apr. 07	RE
Australian shares retreat as miners and banks drag	Apr. 04	RE

Chart Fortescue Ltd

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Company Profile

Fortescue Ltd, formerly Fortescue Metals Group Ltd, is an Australia-based integrated green technology, energy, and metals company. The Company operates through two segments: Metals, and Energy. The Metals segment is engaged in the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals. The Energy segment is engaged in the development of green electricity, green hydrogen, and green ammonia projects. Through its growth project Iron Bridge and its interest in the Belinga Iron Ore Project in Gabon, it is investing in the growth of its iron ore business. Its integrated operations in the Pilbara include the Chichester, Solomon and Western mining hubs. Its mining infrastructure is connected to the five berth Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland. The Solomon Hub in the Hamersley Ranges is located 60 kilometers (km) north of Tom Price and 120km to the west of the Chichester Hub.

Sector

Iron & Steel

Calendar

2024-07-24 - June 2024 Sales and Revenue Release - Production Report

Related indices

S&P/ASX 200

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Income Statement Evolution

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Analysis / Opinion

Dino Otranto, CEO of Fortescue Metals: business strategy, acquisitions, iron ore and hydrogen

October 31, 2023 at 06:09 am EDT

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Ratings for Fortescue Ltd

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

17.31 USD

Average target price

14.11 USD

Spread / Average Target

-18.49%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
FORTESCUE LTD	-9.68%	53.23B
NMDC LIMITED	+21.95%	8.96B
KUMBA IRON ORE LIMITED	-19.85%	8.88B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.83B
CSN MINERAÇÃO S.A.	-35.25%	5.4B
NMDC STEEL LIMITED	+17.90%	2.13B
HAINAN MINING CO., LTD.	+11.99%	2.03B
DETERRA ROYALTIES LIMITED	-6.45%	1.72B
HBIS RESOURCES CO., LTD.	+12.92%	1.71B
BRADESPAR S.A.	-16.92%	1.51B

Iron Ore Mining

Fortescue Ltd

Equities

FMG

AU000000FMG4

Iron & Steel

Fortescue Metals Group Limited Provides Production Guidance for the Year 2023

EPS Revisions