Should I buy or sell Fortescue stock right now?

2 Wall Street 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 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 beginning of the year. Since then, FSUGY shares have decreased by 17.9% and is now trading at $32.21. View the best growth stocks for 2024 here .

Are investors shorting Fortescue?

Fortescue saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 4,400 shares, a drop of 30.2% from the March 15th total of 6,300 shares. Based on an average daily trading volume, of 78,000 shares, the short-interest ratio is currently 0.1 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. Shareholders of record on Monday, March 4th will be paid a dividend of $1.3952 per share on Wednesday, April 3rd. This represents a dividend 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 8.68%. 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 .

OTCMKTS:FSUGY

Fortescue (FSUGY) Stock Price, News & Analysis

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$32.21

-0.53 (-1.62%)

(As of 04/18/2024 ET)

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Today's Range: $32.16
▼
$32.53
50-Day Range: $31.21
▼
$37.50
52-Week Range: $24.33
▼
$39.76

Volume: 31,623 shs
Average Volume: 34,738 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 8.60%
Price Target: N/A

Stock Analysis Analyst Forecasts Chart Dividend Headlines Short Interest

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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

30 days | 90 days | 365 days | Advanced Chart

FSUGY Stock News Headlines

April 17, 2024 | tmcnet.com

KBR Green Ammonia Technology Selected for Fortescue's Project in Norway

April 17, 2024 | msn.com

Fortescue compo should include land and ore, court told

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 11, 2024 | afr.com

Independent expert denies bias in blockbuster Fortescue case

April 10, 2024 | msn.com

Are Coles or Fortescue shares a better buy for dividend income?

April 2, 2024 | finance.yahoo.com

The $40 Billion Fund That’s Gambling With Europe’s Climate Goal

March 31, 2024 | finance.yahoo.com

Fortescue Ltd (FSUGY) Stock Historical Prices & Data - Yahoo Finance

March 27, 2024 | finance.yahoo.com

Calculating The Fair Value Of Fortescue Ltd (ASX:FMG)

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 23, 2024 | finance.yahoo.com

Fortescue eyes developing its copper assets, not looking at Cobre Panama

March 11, 2024 | afr.com

Fortescue says hydrogen hopes rest on a halving of power prices

March 7, 2024 | fool.com.au

Guess which ASX mining share is rocketing 78% on a JV agreement with Fortescue

March 1, 2024 | msn.com

Fortescue Ltd - Depositary Receipt () (FSUGY) Declares $1.42 Dividend

February 28, 2024 | morningstar.com.au

Fortescue Share Price: Is ASX: FMG Undervalued or Overvalued?

February 25, 2024 | fool.com.au

Hoping to bag the Fortescue dividend? You better be quick!

February 22, 2024 | finance.yahoo.com

Fortescue’s Profit Jump Defies Downturn for Mining Rivals

February 22, 2024 | barrons.com

High Ore Prices Boost Mining Giant Fortescue's Earnings

February 21, 2024 | financialpost.com

Fortescue's First-Half Profit Jumps 41%, Beating Estimates

February 21, 2024 | wsj.com

Fortescue 1H Net Profit Up 41%, Raises Dividend

February 17, 2024 | wsj.com

Fortescue Metals Group Ltd. ADR

February 5, 2024 | fool.com.au

Forget Fortescue shares: This ASX stock could be poised for a bull run in 2024

February 1, 2024 | finance.yahoo.com

Fortescue’s Gunner Resigns as Miner’s Management Exodus Rolls On

February 1, 2024 | au.news.yahoo.com

Ex-NT chief Michael Gunner resigns from Fortescue role

January 31, 2024 | afr.com

Former NT chief minister quits Forrest’s Fortescue energy business

January 30, 2024 | msn.com

Fortescue Bay search crews find missing man Jack Lockley alive three days after he went missing

January 30, 2024 | afr.com

New Fortescue finance boss lasts five months as exec losses mount

January 25, 2024 | realmoney.thestreet.com

Fortescue Metals just downgraded at JPMorgan, here's why

See More Headlines

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Company Calendar

Ex-Dividend for 4/3 Dividend: 3/01/2024
Dividend Payable: 4/03/2024
Today: 4/18/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Basic Materials
Industry: Metal mining
Sub-Industry: N/A
Current Symbol: OTCMKTS:FSUGY
Previous Symbol: NASDAQ:FSUGY
CUSIP: N/A
CIK: N/A
Web: www.fmgl.com.au
Phone: (186) 218-8888
Fax: 61-8-6218-8880
Employees: 20,385
Year Founded: 2003

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
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: $16.87 billion
Price / Sales: N/A
Cash Flow: $5.06 per share
Price / Cash Flow: 6.37
Book Value: $11.27 per share
Price / Book: 2.86

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 1.06

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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

Key Competitors

View All Competitors

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 recently diversified its portfolio by acquiring a 19.9% stake in Magmatic Resources, expanding its exposure to copper and gold, which are valuable commodities in the current market.
The company is actively focusing on green energy and green hydrogen production, including derivatives like green ammonia, aligning with the global shift towards sustainable practices and potentially attracting environmentally conscious investors.
Fortescue's strategic mining operations in Australia, China, and internationally provide geographic diversification, reducing risks associated with operating in a single region.
With the development of the Eliwana mine in Western Australia, Fortescue is enhancing its production capacity, potentially leading to increased revenue streams and profitability.
Considering the recent stock price movements and market trends, Fortescue's stock may present a favorable entry point for investors looking to capitalize on potential future growth.

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, could impact Fortescue's financial performance and stock price, leading to potential investment risks.
Regulatory changes in the mining industry, environmental policies, or geopolitical factors may pose challenges to Fortescue's operations and profitability.
Dependency on the demand for iron ore and other minerals exposes Fortescue to market fluctuations, making the company susceptible to economic downturns or shifts in global trade dynamics.
Investors should carefully assess the competitive landscape in the mining sector and evaluate Fortescue's position relative to other industry players to gauge its long-term growth potential.
Considering the inherent risks associated with investing in the mining sector, investors should conduct thorough due diligence and risk assessment before committing capital to 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 Saturday, April 13, 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 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 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 beginning of the year. Since then, FSUGY shares have decreased by 17.9% and is now trading at $32.21.
View the best growth stocks for 2024 here.
Are investors shorting Fortescue?: Fortescue saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 4,400 shares, a drop of 30.2% from the March 15th total of 6,300 shares. Based on an average daily trading volume, of 78,000 shares, the short-interest ratio is currently 0.1 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. Shareholders of record on Monday, March 4th will be paid a dividend of $1.3952 per share on Wednesday, April 3rd. This represents a dividend 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 8.68%. 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 4/19/2024 by MarketBeat.com Staff

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