Fortescue Ltd (ASX: FMG) Share Price and News

Price

 

Movement

   

  (20 mins delayed)

52 Week Range

  -  

 
1 Year Return

 

Fortescue Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $77.56 billion
P/E Ratio 8.77
Dividend Yield 8.25%
Shares Outstanding 3.08 billion
Earnings per share 1.872
Dividend per share 2.16
Year To Date Return -9.44%
Earnings Yield 11.40%
Franking 100%
Share Price

Day Change

52 Week Range

-

Yesterday's Close

Today's Open

Days Range

-

Volume

Avg. Volume (1 month)

Turnover

as at 24 Feb 3:44pm

  • Fortescue Ltd (ASX: FMG)
    Latest News

    A man scratches his head wondering if the BHP share price is a buy or not
    ⏸️ Shares to Watch

    Iron ore slumps: Does this make the BHP (ASX:BHP) share price and other miners a buy? 

    Could the Fortescue Metals (ASX: FMG), Rio Tinto (ASX: RIO) and BHP (ASX: BHP) share prices be a buy with…

    Read more »

    asx buy
    ⏸️ Dividend Shares

    Buy Fortescue and this ASX dividend share for a source of income

    Here's why I think Fortescue Metals Group Limited (ASX:FMG) and this ASX dividend share would be great options for income investors...

    Read more »

    stockmarket graphic in background with man looking at stockmarket on phone
    Share Market News

    ASX 200 drops 1.2%, Mineral Resources (ASX:MIN) fell 9%

    The S&P/ASX 200 Index (ASX:XJO) dropped by more than 1% today. The Mineral Resources Limited (ASX:MIN) share price fell by…

    Read more »

    Share Market News

    Why City Chic, Fortescue, Nearmap, & Zip shares are dropping lower today

    Fortescue Metals Group Limited (ASX:FMG) and Nearmap Ltd (ASX:NEA) shares are two of four dropping notably lower on Thursday...

    Read more »

    ASX share investor sitting in front of lap top with head in hands
    Share Market News

    ASX 200 down 0.8%: Fortescue (ASX:FMG) tumbles, Afterpay (ASX:APT) sinks lower

    Afterpay Ltd (ASX:APT) and Fortescue Metals Group Limited (ASX:FMG) shares are making a splash on the ASX 200 on Thursday...

    Read more »

    Downward red arrow with business man sliding down it signifying falling asx share price.
    Share Fallers

    Why the Fortescue (ASX:FMG) share price is underperforming its peers today

    Mining stocks are following the S&P/ASX 200 Index (Index:^AXJO) lower this morning. But the Fortescue Metals Group Limited (ASX: FMG)…

    Read more »

    A rubber stamp stamping the word 'rejected' on a yellow background representing the highest bidder dropping out of the race to acquire Infomedia which is bringing its share price down today
    Share Market News

    Fortescue (ASX:FMG) rejects ban on blowing up cultural sites

    Iron ore company, Fortescue, declines to put shareholder advocacy group's proposal on the agenda for its AGM on 11 November.

    Read more »

    positive asx share price represented by lots of hands all making thumbs up gesture
    Share Market News

    Why the RBA's latest minutes spell good news for these 3 ASX shares

    The minutes from the RBA's 1 September meeting reveal some solid tailwinds ahead for these 3 ASX shares. We take…

    Read more »

    ⏸️ Dividend Shares

    3 ASX shares with high-flying dividend yields

    Here's why I think Fortescue Metals Group Limited (ASX: FMG) and 2 other ASX shares are in the buy zone…

    Read more »

    Cheap Shares

    The latest ASX 200 stocks that top brokers just upgraded to "buy"

    There are two S&P/ASX 200 Index (Index:^AXJO) stocks that are capturing attention after they were upgraded by brokers.

    Read more »

    hand drawing a clock face with the words time to sell
    Share Market News

    Top brokers name 3 ASX shares to sell next week

    Top brokers have named Fortescue Metals Group Limited (ASX:FMG) and these ASX shares as sells for next week. Here's why…

    Read more »

    ASX expensive defensive shares man carrying large dollar sign on his back representing high P/E ratio or dividend
    ⏸️ Risk Managment

    Are higher P/E ratios really here to stay?

    We have seen some very high price-to-earnings (P/E) ratios across the entire ASX and global markets. How long will these…

    Read more »

    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
    28 Feb 2024 $1.0800 100.00% Interim 27 Mar 2024
    04 Sep 2023 $1.0000 100.00% Final 28 Sep 2023
    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 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
    27 Mar 2024 $25.19 $-0.01 -0.04% 4,870,299 $24.90 $25.36 $24.84
    26 Mar 2024 $25.20 $-0.30 -1.18% 4,815,858 $25.45 $25.84 $25.01
    25 Mar 2024 $25.50 $0.86 3.49% 6,257,920 $24.97 $25.96 $24.80
    22 Mar 2024 $24.64 $-0.53 -2.11% 6,087,042 $25.21 $25.35 $24.63
    21 Mar 2024 $25.17 $0.42 1.70% 5,860,565 $25.05 $25.26 $24.68
    20 Mar 2024 $24.75 $0.21 0.86% 6,499,963 $24.61 $25.09 $24.56
    19 Mar 2024 $24.54 $0.85 3.59% 7,405,330 $24.03 $24.58 $23.78
    18 Mar 2024 $23.69 $-0.27 -1.13% 6,299,064 $23.91 $23.92 $23.43
    15 Mar 2024 $23.96 $-0.57 -2.32% 17,621,544 $23.95 $24.04 $23.65
    14 Mar 2024 $24.53 $0.03 0.12% 7,866,591 $24.75 $24.78 $24.50
    13 Mar 2024 $24.50 $-0.25 -1.01% 8,585,126 $24.70 $24.86 $24.39
    12 Mar 2024 $24.75 $-0.29 -1.16% 8,032,037 $25.00 $25.09 $24.54
    11 Mar 2024 $25.04 $-0.92 -3.54% 5,920,210 $25.55 $25.66 $25.00
    08 Mar 2024 $25.96 $-0.08 -0.31% 6,691,464 $26.25 $26.30 $25.75
    07 Mar 2024 $26.04 $0.29 1.13% 6,592,548 $26.30 $26.56 $25.95
    06 Mar 2024 $25.75 $-0.09 -0.35% 6,984,693 $25.63 $25.92 $25.48
    05 Mar 2024 $25.84 $0.48 1.89% 7,528,096 $25.85 $26.24 $25.69
    04 Mar 2024 $25.36 $-0.85 -3.24% 7,109,251 $26.37 $26.44 $25.23
    01 Mar 2024 $26.21 $0.28 1.08% 6,369,431 $25.98 $26.26 $25.70
    29 Feb 2024 $25.93 $-0.07 -0.27% 13,445,972 $25.68 $26.05 $25.25
    28 Feb 2024 $26.00 $-1.52 -5.52% 8,597,757 $26.92 $27.03 $25.98
    27 Feb 2024 $27.52 $-0.33 -1.18% 8,666,825 $27.80 $27.80 $27.08

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    28 Feb 2024 Larry Marshall Buy 1,900 $50,519
    On-market trade.
    27 Nov 2023 Sebastian Coe Buy 5,000 $123,700
    On-market trade.
    04 Sep 2023 Elizabeth Gaines Exercise 147,920 $2,987,984
    Conversion of securities. 56,707 Rights, As per announcement on 11-09-2023
    04 Sep 2023 Elizabeth Gaines Buy 147,920 $2,987,984
    Conversion of securities.
    04 Sep 2023 Elizabeth Gaines Sell 147,920 $2,953,980
    On-market trade.
    04 Sep 2023 Elizabeth Gaines Expiry 5,243 $105,908
    As advised by the company. 51,464 Rights, Lapsed
    29 Mar 2023 Jennifer Morris Buy 652 $14,697
    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 Forrest is a global business leader and philanthropist. Through Fortescue, Tattarang and Minderoo Foundation, Dr Forrest is dedicated to leading the world to address the climate crisis and step beyond fossil fuels through green metals and green energy. In 2013, Dr Forrest was appointed by the Australian Government Department of the Prime Minister and Cabinet to lead the country's response to tackling indigenous disparity, leading to the Forrest Review's publication in 2014. Dr Forrest is also Co-Chair of the Australia-China Senior Business Leaders Forum and a Board Member for the Boao Forum. 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 of experience in senior executive and non-executive roles in 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. Ms. Bingham-Hall has worked in the construction, infrastructure, mining and property industries across Australia and the Asian region. She has a particular interest in environmental sustainability, workplace safety and indigenous employment. She is member of Risk Management and Sustainability Committee as well as finance committee.
    Lord Sebastian Coe Non-Executive Director Feb 2018
    Mr Coe is the Non-Executive Chairman of CSM Sport and Entertainment, within the Chime Communications group as well as Non-Executive Director of Vitality Health Ltd and Allwyn Entertainment AG. He was elected President of the International Association of Athletics Federations in 2015 (now World Athletics) where he is driving governance reforms through the organization 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.
    Mr Mark Bradley Barnaba Non-Executive DirectorLead Independent DirectorNon-Executive Deputy Chairman Feb 2010
    Mr Barnaba is an Independent Director with 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 (and Chairman of the Audit Committee) 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 organizations. Mr Barnaba also chairs the Hospital Benefit Fund (HBF) Investment Committee. He is Chair of Risk, Sustainability and Finance Committee.
    Dr Larry Marshall Non-Executive Director Aug 2023
    Dr Marshall was Chief Executive of the CSIRO from 2015 to June 2023, Prior to joining the CSIRO, Dr Marshall co-founded and led a number of biotech and venture capital companies and has served on the boards of numerous high-tech companies operating in the US, Australia and China. Dr Marshall is currently the Chair of the American Chamber of Commerce (AmCham); a board member of the Governing Council of the Australian National University; an adviser for the Australian Governments Circular Economy Ministerial Advisory Group; and a Committee member of the COVID-19 Vaccines and Treatments for Australia Science and Industry Technical Advisory Group, which provides advice to the Australian Government on the purchasing and manufacturing of COVID-19 vaccines and treatments.
    Ms Elizabeth Anne Gaines Executive Director Feb 2013
    Ms Gaines has international experience in all aspects of financial and commercial management. Ms Gaines has experience in the resources sector and exposure to the impact of the growth in Asian economies, particularly China, on the Australian business environment and economy as well as understanding of all aspects of financial and commercial management at a senior executive level in both listed and private companies. Ms Gaines has exposure to the drive to transition to green energy and has been a key driver of the goal to decarbonise Fortescue's mining operations by 2030. She is member of Finance Committee.
    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 an understanding of high-risk operations and locations and 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 member of Risk Management and Sustainability Committee.
    Ms Yifei Li Non-Executive Director Aug 2022
    Ms Yifei Li is the President of the QiBin Foundation and currently serves on the board of BlackRock China and is a Global Trustee of the Rockefeller Foundation. Ms Li was an Independent Board member of GAVI (The Global Alliance for Vaccines and Immunisation) from 2012 to 2018 and was formerly the Country Chair for Man Group in China, one of the hedge fund managers. Before joining Man Group, Ms Li had over 18 years of senior management experience, having led the expansion of several multinational companies in China, including Viacom, MTV networks and VivaKi of Publicis Group.
    Ms Usha Rao-Monari Non-Executive Director Jan 2024
    Ms Rao-Monari currently holds a portfolio of non-executive and advisory roles including; Singapores International Advisory Panel on Carbon Markets, Force for Good Advisory Board, Voluntary Carbon Markets Integrity Initiative Steering Committee, NewAg Partners Advisory Board, Commissioner on the Global Commission on the Economics of Water,and Saudi Arabias International Steering Council for Environment for NEOM. Ms Rao-Monari is also the former Under Secretary General and Associate Administrator for United Nations Development Programme and has held a variety of executive and non-executive positions including with Blackstone Infrastructure Group, Global Water Development Partners, UPL and International Finance Corporation.
    Mr Cameron Wilson Company Secretary Feb 2018
    -
    Mr Philip (Phil) James McKeiver Chief General CounselCompany Secretary Nov 2023
    -
    Mr Dino Otranto Chief Executive Officer Aug 2023
    -
    Mark Hutchinson CEO Fortescue Energy
    -
    Fiona Hick CEO Fortescue Metals
    -
    Dino Otranto Chief Executive Officer
    -
    Philip (Phil) James McKeiver Chief General CounselCompany Secretary
    -
    Cameron Wilson Company Secretary
    -
    Dino Otranto COO Fortescue Metals
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 1,482,035,717 48.13%
    J P Morgan Nominees Australia Pty Limited 406,988,264 13.22%
    Valin Investments (Singapore) Pte Ltd 228,007,497 7.41%
    Tattarang Pty Ltd 117,580,521 3.82%
    Citicorp Nominees Pty Limited 105,987,655 3.44%
    Emichrome Pty Ltd 93,045,000 3.02%
    BNP Paribas Noms Pty Ltd 40,912,996 1.33%
    Valin Resources Investments (Singapore) Pte Ltd 37,876,216 1.23%
    National Nominees Limited 26,253,495 0.85%
    Pacific Custodians Pty Limited 16,843,421 0.55%
    Citicorp Nominees Pty Limited i 15,711,741 0.51%
    Pacific Custodians Pty Limited i 15,710,557 0.51%
    BNP Paribas Nominees Pty Ltd ACF Clearstream 14,157,242 0.46%
    HSBC Custody Nominees (Australia) Limited i 11,554,788 0.38%
    Invia Custodian Pty Limited 8,244,951 0.27%
    Citicorp Nominees Pty Limited ii 5,653,649 0.18%
    BNP Paribas Nominees Pty Ltd 4,659,448 0.15%
    Merrill Lynch (Australia) Nominees Pty Limited 4,119,589 0.13%
    HSBC Custody Nominees (Australia) Limited ii 4,062,741 0.13%
    Mr John William Cunningham 4,000,000 0.13%

    Profile

    since

    Note