Free Trial
OTCMKTS:FSUGY

Fortescue (FSUGY) Stock Price, News & Analysis

$32.16
-0.19 (-0.59%)
(As of 06/6/2024 ET)
Today's Range
$32.09
$32.52
50-Day Range
$31.84
$36.75
52-Week Range
$24.50
$39.76
Volume
51,307 shs
Average Volume
36,351 shs
Market Capitalization
$49.51 billion
P/E Ratio
N/A
Dividend Yield
8.61%
Price Target
N/A
FSUGY stock logo

About Fortescue Stock (OTCMKTS:FSUGY)

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.

FSUGY Stock Price History

FSUGY Stock News Headlines

Calculating The Fair Value Of Fortescue Ltd (ASX:FMG)
See More Headlines
Receive FSUGY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortescue and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/3 Dividend
3/01/2024
Dividend Payable
4/03/2024
Today
6/07/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Current Symbol
OTCMKTS:FSUGY
Previous Symbol
NASDAQ:FSUGY
CIK
N/A
Employees
20,385
Year Founded
2003

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$16.87 billion
Cash Flow
$5.04 per share
Book Value
$11.27 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
1.15

Social Links

Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Dr. John Andrew Henry Forrest A.O. (Age 62)
    AICD, BA, FAusIMM, Founder & Executive Chairman of the Board
  • Mr. Dino Otranto
    Chief Executive Officer
  • Ms. Elizabeth Anne Gaines CA (Age 61)
    Global Ambassador & Executive Director
    Comp: $3.36M
  • Dr. Richard Mark Hutchinson B.Com. (Age 58)
    Chief Executive Officer of Fortescue Energy
    Comp: $2.18M
  • Ms. Apple Paget
    Acting Chief Financial Officer
  • Mr. Andrew Driscoll
    General Manager of Investor Relations
  • Mr. Philip James McKeiver
    Chief General Counsel & Company Secretary
  • Ms. Shelley Maree Robertson BSc(Eng)
    GradDip(IT), MBA, MEngSc, Chief Corporate Officer
  • Mr. Eamon Harmon
    General Manager of Exploration
  • Rael McNally
    Managing Director of Fortescue Capital

Should I Buy Fortescue Stock? FSUGY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Fortescue Metals Group Limited:

  • Fortescue Metals Group Limited (symbol FSUGY) has shown consistent revenue growth over the past year, indicating a strong financial performance.
  • The company has successfully implemented cost-saving measures, leading to improved profit margins and increased shareholder value.
  • Fortescue Metals Group Limited has a solid track record of paying dividends to its investors, providing a steady income stream.
  • Recent developments in the mining sector have positively impacted Fortescue Metals Group Limited's stock price, offering potential capital gains to investors.
  • The company's strategic partnerships and expansion plans position it well for future growth and market dominance.

Cons

Investors should be bearish about investing in Fortescue Metals Group Limited for these reasons:

  • Volatility in commodity prices, especially in the iron ore market, can significantly impact Fortescue Metals Group Limited's financial performance and stock price.
  • Regulatory changes or environmental concerns related to mining operations could lead to increased operational costs and potential legal challenges for the company.
  • Market competition and global economic conditions may pose challenges to Fortescue Metals Group Limited's growth prospects and market share.
  • Fluctuations in currency exchange rates can affect the company's international operations and financial results.
  • Investors should carefully monitor macroeconomic indicators and industry trends to assess the potential risks associated with investing in Fortescue Metals Group Limited.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Fortescue pros and cons to contact@marketbeat.com.

FSUGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortescue stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortescue in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FSUGY shares.
View FSUGY analyst ratings
or view top-rated stocks.

How have FSUGY shares performed in 2024?

Fortescue's stock was trading at $39.24 at the start of the year. Since then, FSUGY shares have decreased by 18.0% and is now trading at $32.16.
View the best growth stocks for 2024 here
.

Are investors shorting Fortescue?

Fortescue saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 29,800 shares, an increase of 49.0% from the April 30th total of 20,000 shares. Based on an average trading volume of 62,300 shares, the days-to-cover ratio is presently 0.5 days.
View Fortescue's Short Interest
.

How often does Fortescue pay dividends? What is the dividend yield for Fortescue?

Fortescue announced a dividend on Thursday, February 29th. Stockholders of record on Monday, March 4th will be given a dividend of $1.3952 per share on Wednesday, April 3rd. This represents a yield of 7.34%. The ex-dividend date of this dividend is Friday, March 1st. This is an increase from the stock's previous dividend of $1.27.
Read our dividend analysis for FSUGY
.

Is Fortescue a good dividend stock?

Fortescue (OTCMKTS:FSUGY) pays an annual dividend of $2.77 per share and currently has a dividend yield of 8.66%. FSUGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for FSUGY.

How do I buy shares of Fortescue?

Shares of FSUGY 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.

This page (OTCMKTS:FSUGY) was last updated on 6/7/2024 by MarketBeat.com Staff

From Our Partners