Fortescue Metals Group Ltd.

Fortescue Metals Group is an iron ore producer. As of June 30 2016, Co.'s operations had four mine sites in the Pilbara. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges and the Solomon Hub, in the Hamersley Ranges, includes the Firetail and Kings Valley mines. Co. owns and operates an integrated supply chain including its Herb Elliott Port in Port Hedland and a heavy haul railway with over 620km of track. As of June 30 2016, Co.'s total hematite ore proved and probable reserves were 2.17 billion tonnes. Also, as of June 30 2016, Co.'s total magnetite ore proved and probable reserves were 705.0 million tonnes.
  • TickerFMG
  • ISINAU000000FMG4
  • ExchangeAustralian Securities Exchange
  • SectorIndustrial Metals & Mining
  • CountryAustralia

Analysts

FORTESCUE METALS GP.LTD. increases its risk exposure and slightly lowers to Neutral

FORTESCUE METALS GP.LTD. (AU), a company active in the Steel industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date February 4, 2020, the closing price was AUD 11.16 and its expected value was estimated at AUD 10.92.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Breakout -- Add Exposure The laundry list of market characteristics consistent with historical bull markets continues to grow, helping support our ongoing belief that global equities are in the early stages of a broad-based advance. • US Dollar; EM Equities. The US dollar (DXY) exhibits signs of rolling over, something we outlined as increasingly likely in our 12/10/19 Int'l Macro Vision strategy. This is bullish for global equities -- especially EM -- and has paved the way for the MSCI EM index to break above key resistance. Add exposure... see chart below and page 2. • Europe and Japan...

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Fortescue Metals Group Ltd - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Fortescue Metals Group Ltd: Credit opinion update

Our credit view of Fortescue reflects the company’s position as a single commodity producer in iron ore, but balanced by its large scale, low cost position and solid financial profile.

Fortescue Metals Group Ltd - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's - Iron Bridge project raises some risks for Fortescue, but creates longer term benefits

Sanctioning of Iron Bridge project creates near term risks, but also long term benefits.

Fortescue Metals Group Ltd: Sanctioning of Iron Bridge project creates near term risks, but also long term benefits

Sanctioning of Iron Bridge project creates near term risks, but also long term benefits.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior