Fortescue Ltd

Equities

FMG

AU000000FMG4

Iron & Steel

Market Closed - Australian S.E. 07:10:05 26/06/2024 BST 5-day change 1st Jan Change
21.63 AUD -0.18% Intraday chart for Fortescue Ltd -0.73% -25.47%
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Barrenjoey Markets Downgrades Fortescue to Underweight From Neutral; Price Target is AU$21 MT
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The Capital Group Cos. Trims Fortescue Stake to 6.62% MT
Australian shares struggle for direction as c.bank flags inflation woes RE
US-based Capital Group sells Fortescue shares worth $489 mln RE
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Bank stocks lift Australian shares ahead of c.bank rate decision RE
Australian shares trade in narrow range as investors focus on RBA RE
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Miners, financials drag Australia shares lower; US CPI, Fed policy eyed RE
Australian shares rise for third session on commodity boost RE
Australian shares trim early gains after weak economic growth data RE
Miners, energy drag Australia shares lower; GDP data on tap RE
Australia shares flat as miners offset gains in financials, healthcare RE
Australian shares end higher on banking boost RE
Miners, banks drive Australian shares higher RE
Australian shares hit 3-week low as financials drag, inflation data in focus RE
Australian shares rise as banks and miners gain; Lendlease soars RE
Banks, mining stocks lift Australian shares higher RE
Banks push Australia shares down; James Hardie dips to 5-month low RE
Miners push Australia shares higher, cenbank minutes in focus RE
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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.
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More about the company
Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
17
Last Close Price
14.36 USD
Average target price
14.06 USD
Spread / Average Target
-2.08%
Consensus
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