Fortescue (FSUMF) Stock Price, News & Analysis

Company Overview

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It also develops and produces the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Argentina, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in East Perth, Australia.

Key Stats

• Today's Range: $11.00 to $11.65
• 50-Day Range: $11.05 to $13.70
• 52-Week Range: $10.40 to $19.90
• Volume: 2,443 shs
• Average Volume: 9,167 shs
• Market Capitalization: N/A
• P/E Ratio: 12.49
• Dividend Yield: 1.72%
• Price Target: N/A
• Consensus Rating: N/A

Fortescue Stock Analysis - MarketRank™

Fortescue scored higher than 8% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Fortescue.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortescue is 12.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortescue is 12.49, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.72.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Fortescue has a short interest ratio ("days to cover") of 46.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortescue has recently increased by 1.58%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Fortescue is a leading dividend payer. It pays a dividend yield of 9.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Fortescue does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Fortescue is 21.45%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Fortescue has a short interest ratio ("days to cover") of 46.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Fortescue has recently increased by 1.58%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: N/A

News Sentiment

Fortescue has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Fortescue this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Fortescue insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 15.27% of the stock of Fortescue is held by institutions.

FSUMF Stock Analysis - Frequently Asked Questions

How have FSUMF shares performed this year?

Fortescue's stock was trading at $19.44 at the start of the year. Since then, FSUMF stock has decreased by 40.1% and is now trading at $11.65.
View the best growth stocks for 2024 here.

How do I buy shares of Fortescue?

Shares of FSUMF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:FSUMF
• CUSIP: N/A
• CIK: N/A
• Web: www.fmgl.com.au
• Phone: (186) 218-8888
• Fax: N/A
• Employees: 13,690
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 12.49
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A