Fortescue Ltd

FMG

AU000000FMG4

Iron & Steel

Market Closed - Australian S.E. Other stock markets 07:10:51 17/07/2024 BST			5-day change	1st Jan Change
22.36 ^AUD	-1.02%		+3.57%	-22.95%

10:51am	Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO	RE
09:27am	Australia's Fortescue appoints insider Apple Paget as CFO	RE

Apple Paget to Move from Acting Chief Financial Officer to Group Chief Financial Officer of Fortescue Ltd

July 17, 2024 at 07:45 am

Fortescue Ltd. announced that acting Chief Financial Officer Apple Paget will move into the role of Group Chief Financial Officer, after serving 11 months acting in the role. Apple joined Fortescue in January 2023 as Group Manager Finance and Tax and has 25 years' experience as a finance executive.

Latest news about Fortescue Ltd

Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO	09:51am	RE
Australia's Fortescue appoints insider Apple Paget as CFO	08:27am	RE
Fortescue to Lay Off About 700 Workers; Names Apple Paget as Group CFO	08:24am	DJ
Apple Paget to Move from Acting Chief Financial Officer to Group Chief Financial Officer of Fortescue Ltd	07:45am	CI
Fortescue Ltd Announces Executive Changes	07:45am	CI
Australian shares muted as Rio Tinto's over 2% drop offsets gains in banks	07-16	RE
Golden Sky Minerals up 9.7% as it Identifies New Geophysical Targets at its Rayfield Copper-Gold Property	07-10	MT
Golden Sky Minerals Identifies New Geophysical Targets, Expands Rayfield Copper-Gold Property in British Columbia	07-10	MT
Extended Iron Ore Price Fall Push Down Australian Shares	07-10	MT
NZ shares flat after c.bank holds rate as expected; Aussie shares lower	07-10	RE
Weaker Iron Ore Prices Drag Australian Shares	07-08	MT
Australia shares end lower; eyes on key data points this week	07-08	RE
Miners drag Australian shares lower on weaker iron ore prices	07-08	RE
Iron Ore Price Concerns Bear Down on Australian Shares	07-05	MT
Fortescue Ltd Announces Executive Changes	06-30	CI
Barrenjoey Markets Downgrades Fortescue to Underweight From Neutral; Price Target is AU$21	06-26	MT
Miner BHP's carbon emissions to rise slightly this year	06-26	RE
Strategic Energy Resources Commences Gravity Survey at Queensland Project	06-24	MT
Mining, gold stocks lift Australian shares; c.bank's hawkish stance caps gains	06-21	RE
Australian shares inch lower as inflation woes persist	06-20	RE
Global markets live: Vodafone, Bayer, Apple, Microsoft, Qualcomm...	06-19
The Capital Group Cos. Trims Fortescue Stake to 6.62%	06-19	MT
Australian shares struggle for direction as c.bank flags inflation woes	06-19	RE
US-based Capital Group sells Fortescue shares worth $489 mln	06-19	RE
Meta must face Australian billionaire Forrest's US lawsuit over scam Facebook crypto ads	06-18	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

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

Related indices

S&P/ASX 200

More about the company

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 10:09 am

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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

15.19 USD

Average target price

13.84 USD

Spread / Average Target

-8.87%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
FORTESCUE LTD	-22.95%	46.71B
NMDC LIMITED	+17.75%	8.65B
KUMBA IRON ORE LIMITED	-28.20%	7.83B
CSN MINERAÇÃO S.A.	-30.78%	5.48B
SHOUGANG HIERRO PERU S.A.A.	-9.18%	5.4B
NMDC STEEL LIMITED	+14.40%	2.06B
HAINAN MINING CO., LTD.	-5.77%	1.7B
HBIS RESOURCES CO., LTD.	-2.98%	1.46B
DETERRA ROYALTIES LIMITED	-24.10%	1.42B
LABRADOR IRON ORE ROYALTY CORPORATION	-6.27%	1.4B

Iron Ore Mining

Fortescue Ltd

Equities

FMG

AU000000FMG4

Iron & Steel

Apple Paget to Move from Acting Chief Financial Officer to Group Chief Financial Officer of Fortescue Ltd

EPS Revisions