Fortescue Metals Group Ltd (ASX: FMG) Share Price and News

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Fortescue Metals Group Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $65.21 billion
P/E Ratio 7.40
Dividend Yield 9.27%
Shares Outstanding 3.08 billion
Earnings per share 1.877
Dividend per share 1.96
Year To Date Return 6.73%
Earnings Yield 13.51%
Franking 100%
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  • Fortescue Metals Group Ltd (ASX: FMG)
    Latest News

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    What might Chinese deflation mean for ASX 200 iron ore shares?

    Australia is the world's biggest exporter of iron ore and China is our main customer.

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    Three miners stand together at a mine site studying documents with equipment in the background
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    Here’s Goldman Sachs’ latest forecast for the iron ore price

    The iron ore price dropped below US$100 per tonne overnight. Now what?

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    Rio Tinto boss ‘cautiously optimistic’ on China. What does it mean for ASX iron ore shares?

    Is demand going to stay strong for iron?

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    A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.
    Materials Shares

    4 reasons to sell Fortescue shares: Goldman Sachs

    This iron ore giant has been tipped to crash into the red.

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    A man in high visibility vest and hard hat at the wheel of heavy mining machinery looks backwards out of the cabin window.
    Resources Shares

    Can the Fortescue share price set a new record in August?

    After notching two-year highs in July, what’s next for the Fortescue share price?

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    Are Fortescue shares too cheap based on this one metric?

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    ‘Contrarian trade’: 2 ASX 200 mining shares now in the buy zone

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    Own Fortescue shares? Why the miner could be on the hook for a $500 million bill

    A compensation bill to traditional owners could cost the miner hundreds of millions of dollars.

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    Share Fallers

    Why Capricorn Metals, Fineos, Fortescue, and Regis Resources shares are sinking

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    Frequently Asked Questions

    Fortescue Metals traditionally pays twice-yearly, fully franked dividends, usually in early April and October each year. The miner has a policy of returning 50%-80% of its net profit after tax to shareholders as dividends.

    Yes. Fortescue offers shareholders residing in Australia and New Zealand the option of either full or partial participation in its dividend reinvestment plan.

    Fortescue listed on the ASX on 19 March 1987.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    27 Feb 2023 $0.7500 100.00% Interim 29 Mar 2023
    05 Sep 2022 $1.2100 100.00% Final 29 Sep 2022
    28 Feb 2022 $0.8600 100.00% Interim 30 Mar 2022
    06 Sep 2021 $2.1100 100.00% Final 30 Sep 2021
    01 Mar 2021 $1.4700 100.00% Interim 24 Mar 2021
    31 Aug 2020 $1.0000 100.00% Final 02 Oct 2020
    02 Mar 2020 $0.7600 100.00% Interim 06 Apr 2020
    02 Sep 2019 $0.2400 100.00% Final 02 Oct 2019
    22 May 2019 $0.6000 100.00% Special Cash 14 Jun 2019
    28 Feb 2019 $0.1100 100.00% Special Cash 22 Mar 2019
    28 Feb 2019 $0.1900 100.00% Interim 22 Mar 2019
    31 Aug 2018 $0.1200 100.00% Final 02 Oct 2018
    01 Mar 2018 $0.1100 100.00% Interim 05 Apr 2018
    01 Sep 2017 $0.0000 100.00% Final 03 Oct 2017
    02 Mar 2017 $0.2000 100.00% Interim 06 Apr 2017
    02 Sep 2016 $0.1200 100.00% Final 04 Oct 2016
    02 Mar 2016 $0.0300 100.00% Interim 07 Apr 2016
    01 Sep 2014 $0.1000 100.00% Final 03 Oct 2014
    27 Feb 2014 $0.1000 100.00% Interim 02 Apr 2014
    02 Sep 2013 $0.1000 100.00% Final 04 Oct 2013
    07 Mar 2012 $0.0400 100.00% Interim 02 Apr 2012
    05 Sep 2011 $0.0400 100.00% Final 30 Sep 2011
    08 Mar 2011 $0.0210 0.00% Interim 31 Mar 2011

    FMG ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Fortescue Metals Group Ltd

    Fortescue Metals Group Limited (ASX: FMG) is an iron ore production and exploration company in the Pilbara region of Western Australia. It is the fourth largest iron ore producer in the world after BHP, Rio Tinto, and Brazilian mining giant, Vale.

    As one of the world's largest iron ore producers, Fortescue owns and operates integrated operations spanning the Chichester, Solomon, and Western mining hubs, the five-berth Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland, and the fastest heavy haul railway in the world.

    The miner has also set up a green energy offshoot, Fortescue Future Industries (FFI), which aims to produce commercial quantities of green hydrogen. Fortescue was first publicly listed in 1987 and is now ranked as one of the largest companies on the ASX.

    FMG Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    09 Aug 2023 $21.18 $0.04 0.19% 3,421,974 $20.98 $21.31 $20.97
    08 Aug 2023 $21.14 $0.09 0.43% 5,201,269 $21.50 $21.52 $21.14
    07 Aug 2023 $21.05 $-0.34 -1.59% 4,335,506 $21.16 $21.35 $21.05
    04 Aug 2023 $21.39 $0.11 0.52% 5,839,793 $21.51 $21.62 $21.35
    03 Aug 2023 $21.28 $-0.27 -1.25% 6,174,446 $21.23 $21.49 $21.14
    02 Aug 2023 $21.55 $-0.43 -1.96% 4,788,623 $21.68 $21.84 $21.54
    01 Aug 2023 $21.98 $0.30 1.38% 5,456,506 $22.01 $22.20 $21.90
    31 Jul 2023 $21.68 $0.00 0.00% 7,757,806 $21.60 $22.02 $21.53
    28 Jul 2023 $21.68 $-1.24 -5.41% 10,977,219 $22.12 $22.55 $21.51
    27 Jul 2023 $22.92 $-0.81 -3.41% 7,785,034 $23.65 $23.73 $22.92
    26 Jul 2023 $23.73 $0.53 2.28% 6,449,400 $23.37 $23.87 $23.20
    25 Jul 2023 $23.20 $1.01 4.55% 8,693,082 $22.80 $23.38 $22.70
    24 Jul 2023 $22.19 $-0.35 -1.55% 4,489,259 $22.44 $22.58 $22.19
    21 Jul 2023 $22.54 $-0.05 -0.22% 5,281,351 $22.58 $22.67 $22.37
    20 Jul 2023 $22.59 $0.30 1.35% 4,404,634 $22.24 $22.62 $22.16
    19 Jul 2023 $22.29 $-0.42 -1.85% 5,749,368 $22.80 $22.86 $22.06
    18 Jul 2023 $22.71 $0.22 0.98% 5,323,673 $22.49 $22.78 $22.42
    17 Jul 2023 $22.49 $-0.30 -1.32% 3,831,750 $22.83 $22.88 $22.45
    14 Jul 2023 $22.79 $0.31 1.38% 7,897,012 $22.72 $22.92 $22.60
    13 Jul 2023 $22.48 $0.29 1.31% 5,922,735 $22.23 $22.48 $22.19
    12 Jul 2023 $22.19 $0.54 2.49% 5,420,294 $21.95 $22.25 $21.88
    11 Jul 2023 $21.65 $0.42 1.98% 4,117,680 $21.54 $21.65 $21.35

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    29 Mar 2023 Jennifer Morris Buy 652 $14,697
    On-market trade.
    01 Dec 2022 Sebastian Coe Buy 5 $98,621
    On-market trade.
    29 Sep 2022 Penelope (Penny) Bingham-Hall Issued 3 $67,808
    Dividend Reinvestment Plan (DRP).
    29 Sep 2022 Jennifer Morris Buy 1 $22,188
    On-market trade.
    06 Sep 2022 Jennifer Morris Buy 330 $5,994
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr John (Andrew) Henry Forrest Non-Executive ChairmanNon-Executive Director Jul 2003
    Mr Dr Forrest co-founded Minderoo Foundation with his wife Nicola and to date they've donated more than US$1.6 billion supporting 300+ initiatives addressing modern slavery, ocean health, cancer, Indigenous disparity, childhood development, artificial intelligence, disaster resilience and plastic waste. Dr Forrest is Co-Chair of the Australia-China Senior Business Leaders' Forum, Global Patron of the Centre for Humanitarian Dialogue, and served as a Councillor of the Global Citizen Commission charged by the United Nations in 2016 to modernise the 1948 Universal Declaration of Human Rights. In 2017, Dr Forrest was appointed an Officer of the Order of Australia (AO) for distinguished service to philanthropy, mining, employment and sustainable foreign investment. He is also a member of Finance Committee.
    Ms Penelope (Penny) Bingham-Hall Non-Executive Director Nov 2016
    Ms Bingham-Hall has over 30 years experience in senior executive and non-executive roles in large ASX listed companies. She is a Non-Executive Director of Dexus Property Group, Supply Nation and the Crescent Foundation. Ms Bingham-Hall is also Chair of Vocus Group, Taronga Conservation Society Australia and the Advisory Committee of the Climate Governance Initiative Australia. She is also a member of Risk Management and Sustainability Committee, People and Finance Committee
    Lord Sebastian Coe Non-Executive Director Feb 2018
    Mr Coe is currently a senior advisor with Morgan Stanley & Co International plc and a Non-Executive Director of the Vitality Group of health and life insurance companies. In 2017, he became Chancellor of Loughborough University having previously served as Pro Chancellor of the University. Based in the United Kingdom, Mr Coe is the Non-Executive Chairman of CSM Sport and Entertainment, within the Chime Communications group. He was elected President of the International Association of Athletics Federations (IAAF) in 2015 (now World Athletics) where he is driving significant governance reforms through the organisation and its 214 Member Federations around the world. He is currently serving his second term as President. He was elected as a member of the International Olympic Committee in 2020, and became a director of the British Olympic Association at that time, having previously served as Chairman of the British Olympic Association from 2012 to 2016. He was Chairman of the Organising Committee for the London 2012 Olympic Games and Paralympic Games. He was a member of the British athletics team at the 1980 and 1984 Olympic Games where he won two gold and two silver medals, as well as breaking twelve world records. In 1992, he became a Member of Parliament and during his political career served as a Government Whip and then Private Secretary to William Hague, Leader of the Opposition and Leader of the Conservative Party. He was appointed to the House of Lords in 2000.
    Mr Mark Bradley Barnaba Non-Executive DirectorLead Independent DirectorNon-Executive Deputy Chairman Feb 2010
    Mr Barnaba is an Independent Director with a =range of international experience in finance, commerce and natural resources. He has experience at board level in both the for-profit and non-profit sectors. He is currently a member of the Board of the Reserve Bank of Australia and the Deputy Chairman and Lead Independent Director at Fortescue. In 2015, Mr Barnaba was named a Member of the General Division of the Order of Australia for service to the investment banking and financial sector, to business education and to sporting and cultural organisations. He is also chair of Risk Management and Sustainability Committee and member of People and Finance Committee.
    Ms Elizabeth Anne Gaines Chief Executive OfficerExecutive Director Feb 2013
    Ms Gaines experienced business leader with international experience as a Chief Executive Officer and group executive, Ms Gaines has a track record in financial and operational leadership. She is a former Chief Executive Officer of Helloworld Limited and Heytesbury Pty Limited and has also held the position of Chief Financial Officer at Stella Group and Entertainment Rights plc. She has exposure to the impact of the growth in Asian economies, particularly China, on the Australian business environment and economy as well as a deep understanding of all aspects of financial and commercial management at a senior executive level in both listed and private companies.
    Dr Jean Baderschneider Non-Executive Director Jan 2015
    Dr Baderschneider brings 35 years of international experience in procurement, strategic sourcing and supply chain management along with a deep understanding of high-risk operations and locations and complex partnerships. Dr Baderschneider retired from ExxonMobil in 2013 where she was Vice-President of Global Procurement. During her 30-year career, she was responsible for operations all over the world, including Africa, South America the Middle East and Asia. A past member of the Board of Directors of the Institute for Supply Management and the Executive Board of the National Minority Supplier Development Council, Dr Baderschneider also served on the boards of The Center of Advanced Purchasing Studies and the Procurement Council of both The Conference Board and the Corporate Executive Board. She is also a member of Risk Management and Sustainability Committee.
    Ms Yifei Li Non-Executive Director Aug 2022
    --
    Mr Cameron Wilson Company Secretary Feb 2018
    -
    Ms Julie Shuttleworth Deputy Chief Executive Officer Feb 2018
    -
    Ms Gemma Tually Group Manager LegalJoint Company Secretary Feb 2022
    -
    Cameron Wilson Company Secretary
    -
    Julie Shuttleworth Deputy Chief Executive Officer
    -
    Gemma Tually Group Manager LegalJoint Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Tattarang Pty Ltd 918,806,548 29.84%
    HSBC Custody Nominees (Australia) Limited 600,384,188 19.50%
    JP Morgan Nominees Australia Pty Limited 392,514,613 12.75%
    Valin Investments (Singapore) Pte Ltd 228,007,497 7.41%
    Citicorp Nominees Pty Limited 94,416,860 3.07%
    Emichrome Pty Ltd 93,045,000 3.02%
    AMNL Financing Pty Ltd 71,365,581 2.32%
    BNP Paribas Noms Pty Ltd 44,419,751 1.44%
    Valin Resources Investments (Singapore) Pte Ltd 37,876,216 1.23%
    National Nominees Limited 24,171,131 0.79%
    Citicorp Nominees Pty Limited i 19,707,121 0.64%
    BNP Paribas Nominees Pty Ltd ACF Clearstream 14,746,796 0.48%
    Pacific Custodians Pty Limited 13,150,036 0.43%
    Pacific Custodians Pty Limited i 12,458,334 0.40%
    HSBC Custody Nominees (Australia) Limited i 8,635,367 0.28%
    Invia Custodian Pty Limited 8,244,951 0.27%
    BNP Paribas Nominees Pty Ltd 7,501,633 0.24%
    Pelmavigel Pty Ltd 4,991,491 0.16%
    Peter & Lyndy White Foundation Pty Ltd 4,851,467 0.16%
    Citicorp Nominees Pty Limited ii 4,475,909 0.15%

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