Fortescue Metals Group Ltd Sponsored ADR (FSUGY)
Market Closed
29 Jul, 20:00
$
26. 25
+0.05
+0.1908%
$
40.04B Market Cap
8.66 P/E Ratio
4.04% Div Yield
7,512 Volume
0 Eps
$ 26.2
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Fortescue: A Call Option On Rebounding Iron Ore Price
Fortescue's FY 2024 was strong with $5.66B net profit, but expect pricing pressure due to lower iron ore prices and higher capex this year. The company benefits from economies of scale but faces challenges with lower grade iron ore and significant transportation costs. Fortescue's shift towards carbon-free energy and metals ventures hasn't yet yielded meaningful returns, impacting its pure-play iron ore status.
Seekingalpha | 1 year ago
Fortescue FY24 Earnings & Revenues Improve Y/Y on Higher Prices
FSUGY's fiscal 2024 revenues, EBITDA and earnings improve year over year due to higher hematite average prices despite flat shipments.
Zacks | 1 year ago
Fortescue sets out to meet strong Chinese demand for green iron
Australia is positioned to meet strong demand from China for green iron, Fortescue said on Wednesday as it readies a pilot plant to begin production of the product using renewable energy next year.
Reuters | 1 year ago
