Fortescue Ltd (ASX: FMG) Share Price and News

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Fortescue Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $54.59 billion
P/E Ratio 7.44
Dividend Yield 9.80%
Shares Outstanding 3.08 billion
Earnings per share 1.844
Dividend per share 1.97
Year To Date Return -37.39%
Earnings Yield 13.45%
Franking 100%
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as at 24 Feb 3:44pm

  • Fortescue Ltd (ASX: FMG)
    Latest News

    Miner and company person analysing results of a mining company.
    Resources Shares

    Buy one, sell the other: Goldman's verdict on these 2 ASX 200 mining shares

    The broker sees significant valuation differences between these 2 major ASX 200 mining shares.

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    Why Fortescue shares could crash 30%

    One leading broker believes this mining giant's shares are severely overvalued.

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    A group of three men in hard hats and high visibility vests stand together at a mine site while one points and the others look on with piles of dirt and mining equipment in the background.
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    Fortescue share price tumbles on Q3 disappoinment

    How did this iron ore giant perform during the third quarter?

    Read more »

    Man in yellow hard hat looks through binoculars as man in white hard hat stands behind him and points.
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    What stage in the cycle are ASX iron ore shares (and are they a buy)?

    Are iron ore miners closer to the end or beginning of the boom-bust cycle?

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    5 things to watch on the ASX 200 on Wednesday

    Another positive session is expected for Aussie investors today.

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    Own ASX mining shares? Experts say an upswing in commodity prices has begun

    HSBC economists Paul Bloxham and Jamie Culling explain why global commodity prices are rising.

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    After passive income? Check out these ASX 200 dividend shares

    ASX dividend shares can provide a reliable source of passive income

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    Resources Shares

    Here is the dividend forecast to 2028 for Fortescue shares

    The potential dividend payments from Fortescue could surprise you.

    Read more »

    Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
    Resources Shares

    Why the big three ASX 200 mining stocks are enjoying a banner day on Thursday

    BHP, Fortescue and Rio Tinto shares are all catching some extra tailwinds today.

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    Resources Shares

    Why aren't big fund managers buying Fortescue shares?

    ASX experts are reportedly shunning this popular miner...

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    Frequently Asked Questions

    Fortescue Metals traditionally pays twice-yearly, fully franked dividends, usually in February/March and September/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
    04 Sep 2024 $0.8900 100.00% Final 27 Sep 2024
    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.

    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
    15 Nov 2024 $17.73 $-0.21 -1.17% 5,971,855 $17.86 $18.00 $17.67
    14 Nov 2024 $17.94 $-0.35 -1.91% 6,239,861 $18.20 $18.24 $17.92
    13 Nov 2024 $18.29 $0.15 0.83% 9,044,129 $18.14 $18.38 $18.02
    12 Nov 2024 $18.14 $0.02 0.11% 9,485,403 $17.90 $18.75 $17.75
    11 Nov 2024 $18.12 $-1.43 -7.31% 13,811,468 $18.76 $18.85 $18.12
    08 Nov 2024 $19.55 $0.05 0.26% 9,415,455 $19.98 $20.30 $19.51
    07 Nov 2024 $19.50 $0.62 3.28% 6,997,131 $19.03 $19.50 $18.97
    06 Nov 2024 $18.88 $-0.21 -1.10% 6,062,180 $19.25 $19.26 $18.80
    05 Nov 2024 $19.09 $-0.13 -0.68% 4,916,744 $19.19 $19.37 $19.04
    04 Nov 2024 $19.22 $-0.27 -1.39% 4,429,725 $19.52 $19.55 $19.22
    01 Nov 2024 $19.49 $0.32 1.67% 5,928,580 $19.06 $19.51 $18.92
    31 Oct 2024 $19.17 $-0.02 -0.10% 7,088,114 $19.22 $19.41 $19.13
    30 Oct 2024 $19.19 $-0.27 -1.39% 7,213,419 $19.61 $19.78 $19.14
    29 Oct 2024 $19.46 $0.05 0.26% 5,626,136 $19.63 $19.72 $19.35
    28 Oct 2024 $19.41 $0.42 2.21% 5,125,468 $19.19 $19.55 $19.10
    25 Oct 2024 $18.99 $-0.14 -0.73% 6,674,717 $18.95 $19.22 $18.92
    24 Oct 2024 $19.13 $-0.64 -3.24% 10,398,574 $19.48 $19.55 $18.95
    23 Oct 2024 $19.77 $0.24 1.23% 6,464,411 $19.65 $19.85 $19.58
    22 Oct 2024 $19.53 $-0.31 -1.56% 5,405,221 $19.48 $19.77 $19.43
    21 Oct 2024 $19.84 $0.30 1.54% 5,507,888 $19.73 $20.08 $19.57
    18 Oct 2024 $19.54 $-0.37 -1.86% 11,803,323 $19.52 $19.75 $19.29

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    27 Sep 2024 Penelope (Penny) Bingham-Hall Buy 3,364 $55,499
    Dividend Reinvestment Plan (DRP).
    27 Sep 2024 Mark Barnaba Buy 2,174 $35,866
    Dividend Reinvestment Plan (DRP).
    27 Sep 2024 Larry Marshall Buy 102 $1,682
    Dividend Reinvestment Plan (DRP).
    05 Sep 2024 Larry Marshall Buy 3,800 $60,607
    On-market trade.
    03 Sep 2024 Elizabeth Gaines Exercise 41,840 $740,568
    Conversion of securities.
    03 Sep 2024 Elizabeth Gaines Buy 41,840 $740,568
    Conversion of securities.
    03 Sep 2024 Elizabeth Gaines Expiry 9,624 $170,344
    As advised by the company. Lapsed, 41,840 Rights
    03 Sep 2024 Elizabeth Gaines Sell 41,840 $750,442
    On-market trade.
    29 Aug 2024 Larry Marshall Buy 4,635 $86,164
    On-market trade.
    29 Aug 2024 Mark Barnaba Buy 268 $4,982
    On-market trade.
    27 Mar 2024 Penelope (Penny) Bingham-Hall Issued 2,496 $64,641
    Dividend Reinvestment Plan (DRP).
    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.

    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 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 large ASX listed companies. She is Chair of Vocus Group and Co-Chair of Supply Nation and a Non-Executive Director of Fortescue. She is also the Deputy Chair of both the Advisory Council of the Climate Governance Initiative, Australia and the Salaam Foundation. Ms Bingham-Hall has worked in the construction, infrastructure, mining and property industries across Australia and the Asian region. She has interest in environmental sustainability, workplace safety and indigenous employment. Prior to becoming a company director, Ms Bingham Hall was Executive General Manager, Strategy at Leighton Holdings (now CIMIC) - Australia's largest construction, mining services and property group. As part of the leadership team at Leighton she had responsibilities across the group's Australian and Asian operations. She is also a member of Safety and Sustainability 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 brings international experience as an entrepreneur, corporate advisor and independent director for organisations across the finance, technology, infrastructure, natural resources, sports administration and education sectors. He has diverse experience at board level in both the for-profit and non-profit sectors. Mr Barnaba was previously on the Board of Australia's central bank, the Reserve Bank of Australia (RBA), for two terms, and is a former Chairman of the Audit Committee of the RBA. He has previously chaired several publicly listed Australian companies within the mining and infrastructure sectors along with chairing non-profit organisations and was a former Chairman of the State Theatre Company of Western Australia, the West Coast Eagles (AFL team) and Williams Advanced Engineering (UK based offshoot of the Williams F1 team). He is Chair of Finance and Risk Management Committee and also member of People and Safety and Sustainability 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. He is also a member of Safety and Sustainability Committee.
    Ms Elizabeth Anne Gaines Executive Director Feb 2013
    Ms Gaines is an experienced business leader, 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.
    Dr Jean Baderschneider Non-Executive Director Jan 2015
    Dr Baderschneider brings 35 years of international experience in supply chain operations and procurement, strategic sourcing and logistics management, along with a deep understanding of high-risk operations and locations and complex partnerships. She also has global experience in safety, security and environmental operations and sustainability stewardship. She is the Chair of Safety and Sustainability Committee.
    Ms Yifei Li Non-Executive Director Aug 2022
    Ms Li is the President of the QiBin Foundation and currently serves on the board of BlackRock China. Ms Li was a Global Trustee of the Rockefeller Foundation and 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 world's largest hedge fund managers. Before joining Man Group, Ms Li had over 18 years of senior management experience, having successfully 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 is a senior infrastructure investment professional with over 25 years of experience leading investment platforms and departments within asset investment and management organisations. She has held various leadership positions in the United Nations, Blackstone Group, Global Water Development Partners, and the International Finance Corporation. She is also a member of Safety and Sustainability Committee.
    Mr Noel Pearson Non-Executive Director Aug 2024
    Mr Pearson is the founder of the Cape York Partnership, an organisation promoting the economic and social development of Cape York in Northern Queensland, the founder of Good to Great Schools Australia, dedicated to lifting education outcomes for all Australian students, and the Cape York Land Council.
    Mr Dino Otranto Chief Executive Officer Aug 2023
    -
    Ms Navdeep(Mona) Gill Company Secretary Jul 2024
    -
    Dino Otranto Chief Executive Officer
    -
    Mark Hutchinson Chief Executive Officer Fortescue Energy
    -
    Shelley Robertson Chief Operating Officer
    -
    Navdeep(Mona) Gill Company Secretary
    -
    Apple Paget Group Chief Financial Officer
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 1,479,703,054 48.06%
    J P Morgan Nominees Australia Pty Limited 290,350,329 9.43%
    Valin Investments (Singapore) Pte Ltd 228,007,497 7.41%
    Tattarang Pty Ltd 176,522,507 5.73%
    Citicorp Nominees Pty Limited 139,367,622 4.53%
    Emichrome Pty Ltd 93,045,000 3.02%
    Valin Resources Investments (Singapore) Pte Ltd 37,876,216 1.23%
    BNP Paribas Noms Pty Ltd 31,572,883 1.03%
    BNP Paribas Nominees Pty Ltd 20,414,540 0.66%
    Pacific Custodians Pty Limited 19,870,700 0.65%
    National Nominees Limited 19,305,297 0.63%
    Citicorp Nominees Pty Limited i 17,600,389 0.57%
    Pacific Custodians Pty Limited i 15,165,269 0.49%
    BNP Paribas Nominees Pty Ltd i 13,612,508 0.44%
    HSBC Custody Nominees (Australia) Limited i 12,245,069 0.40%
    Invia Custodian Pty Limited 8,244,951 0.27%
    Citicorp Nominess Pty Limited ii 5,188,830 0.17%
    HSBC Custody Nominees (Australia) Limited ii 4,446,793 0.14%
    Mr John William Cunningham 4,000,000 0.13%
    HSBC Custody Nominees (Australia) Limited iii 3,939,825 0.13%

    Profile

    since

    Note