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FORTESCUE METALS GROUP LIMITED

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Fortescue Metals : COVID-19 update

08/04/2021 | 02:26am EDT

Aug 4, 2021

Fortescue Metals Group (Fortescue) has been advised by the Western Australian Department of Health that a maintenance contractor who was at our Cloudbreak site from Tuesday 20 July to Thursday 27 July 2021, has returned a weak positive test result for COVID-19. This person was asymptomatic while on site and is currently in isolation awaiting the outcome of further testing.

The health and safety of our team members remains our highest priority and we are working closely with the Department of Health to assist with contact tracing.

In accordance with the directions of the Department of Health, all team members who were on site during that period are not required to isolate unless they are identified as a close contact through contact tracing. Fortescue has a comprehensive COVID-19 management plan and protocols, as well as access to rapid antigen testing on site.

Fortescue believes that vaccination is the key to protecting our workforce and all team members are encouraged to receive a COVID-19 vaccine in line with current directions from the Commonwealth Government.

Disclaimer

Fortescue Metals Group Ltd. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 06:25:02 UTC.


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Sales 2022 21 182 M - -
Net income 2022 9 246 M - -
Net cash 2022 525 M - -
P/E ratio 2022 3,67x
Yield 2022 21,3%
Capitalization 32 840 M 32 832 M -
EV / Sales 2022 1,53x
EV / Sales 2023 2,15x
Nbr of Employees -
Free-Float 50,6%
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Technical analysis trends FORTESCUE METALS GROUP LIMITED
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 10,67 $
Average target price 14,77 $
Spread / Average Target 38,4%
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Managers and Directors
Elizabeth Anne Gaines Chief Executive Officer & Executive Director
Ian Wells Chief Financial Officer
John Andrew Henry Forrest Chairman
Fernando Pereira Director-Operations & Pilbara Operations
Mark Bradley Barnaba Deputy Chairman
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