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Last A$2.00 AUD
Change Today -0.12 / -5.66%
Volume 30.6M
FMG On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Berlin
Frankfurt
As of 1:10 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

fortescue metals group ltd (FMG) Snapshot

Open
A$2.10
Previous Close
A$2.12
Day High
A$2.12
Day Low
A$2.00
52 Week High
04/9/14 - A$5.73
52 Week Low
03/18/15 - A$1.80
Market Cap
6.2B
Average Volume 10 Days
27.9M
EPS TTM
A$0.43
Shares Outstanding
3.1B
EX-Date
03/2/15
P/E TM
3.6x
Dividend
A$0.19
Dividend Yield
9.29%
Current Stock Chart for FORTESCUE METALS GROUP LTD (FMG)

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fortescue metals group ltd (FMG) Related Businessweek News

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fortescue metals group ltd (FMG) Details

Fortescue Metals Group Limited produces and sells iron ore in Australia. The company holds various tenements covering the Chichester and Solomon hubs located throughout the Pilbara region of Western Australia. It supplies iron ore to customers in China and South East Asia. The company was founded in 2003 and is headquartered in East Perth, Australia.

10,000 Employees
Last Reported Date: 02/16/15
Founded in 2003

fortescue metals group ltd (FMG) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: A$1.8M
Chief Financial Officer
Total Annual Compensation: A$1.0M
Director of Operations
Total Annual Compensation: A$309.2K
Compensation as of Fiscal Year 2014.

fortescue metals group ltd (FMG) Key Developments

Fortescue Eyes To Sell Stake In Its Mines

Fortescue Metals Group Limited (ASX:FMG) is planning to sell of a minority stake in some or all of its Pilbara iron ore mines as it weighs up ­alternative approaches to tackle its debt. Nev Power, Chief Executive of Fortescue told The Australian on the sidelines of the Mines and Money conference in Hong Kong yesterday that the possible sale was among a series of options available to it.

Magnitogorsk Not Considering Selling Portion Of Stake In Fortescue

Open Joint Stock Company Magnitogorsk Iron & Steel Works (MICEX:MAGN) (MMK) is not planning to sell its stake in Fortescue Metals Group Limited (ASX:FMG). Viktor Rashnikov, Magnitogorsk main shareholder, Viktor Rashnikov, told reporters. "We aren't selling it. We're going to wait until 'grow back'," he said, adding that prices might improve in two or three years.

Fortescue Metals Group Ltd Decides Not to Pursue USD 2.5 Billion Senior Secured Note Offering

Fortescue Metals Group Ltd. has decided not to pursue the previously announced USD 2.5 billion Senior Secured Note offering and refinancing as the company's disciplined cost objectives were not met. While Fortescue received investment-grade ratings on the secured offering and significant investor interest in the proposed refinancing, it announced volatility in the US credit markets resulted in terms and conditions that did not meet the company's objectives.

 

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Industry Analysis

FMG

Industry Average

Valuation FMG Industry Range
Price/Earnings 3.6x
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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