Intraday data delayed at least 15 minutes or per exchange requirements. Still, even there the prospects are surprisingly rosy. View today’s FMG share price, options, bonds, hybrids and warrants. Fortescue Metals Group generates higher returns on investment than it costs … Find the latest FORTESCUE FPO (FMG.AX) stock quote, history, news and other vital information to help you with your stock trading and investing. All quotes are in local exchange time. View today's stock price, news and analysis for Fortescue Metals Group Ltd. (FMG). The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia. Business Description. Sydney Stock Market & Finance report, prediction for the future: You'll find the Fortescue Metals Group share forecasts, stock quote and buy / sell signals below. Those pleas will only get louder as Beijing pushes forward with deregulating its power market, shrinking revenue for coal-fired generators and encouraging them to reduce their costs by seeking out cheaper fuel.The biggest change, however, will come as widespread vaccinations open up borders again. Fortescue Metals Group Ltd (Often referred to as FMG) is an Australian iron ore company. Insider Buying: Fortescue Metals Group Limited (ASX:FMG) Insider Buys A$97,080,000.00 in Stock modernreaders.com 4/10/2020 A high-level overview of Fortescue Metals Group Limited (FSUMF) stock. Stock analysis for Fortescue Metals Group Ltd (FMG:ASE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. According to present data Fortescue Metals Group's FMG shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Tourists, too, seem to let bygones be bygones far more readily than politicians. View today's stock price, news and analysis for Fortescue Metals Group Ltd. (FSUMF). Fortescue Metals Group Ltd. 12/10/2020 | Press release | Distributed by Public on 12/10/2020 00:17. That's reason to worry a little less about the rhetoric, and focus more on the solid fundamentals. © 2020 Verizon Media. As we’ve written, it wouldn’t take much for China to be entirely self-sufficient in soot, a proposition that’s out of the question in the case of iron ore. Coal is also on the list of products subject to Beijing’s unofficial import ban. Does Tower Semiconductor (NASDAQ:TSEM) Have A Healthy Balance Sheet? Fortescue Metals Group Limited (FMG.AX) pays an annual dividend of A$1.76 per share, with a dividend yield of ∞. Sustainability Report. Read about how Fortescue is contributing to the global transition to a lower carbon future in our inaugural Climate Change Report. A substantial slice of education “exports” consists of money spent on rent and shopping. Fortescue Metals Group Ltd is an Australia-based iron ore miner. Prices for Singapore-traded ore hit $131.26 a metric ton Wednesday, the highest level in nearly seven years.There’s little to suggest this trade will recede over the coming months. FMG | Complete Fortescue Metals Group Ltd. stock news by MarketWatch. The country’s third-biggest export to China is education, which has been hard-hit by the pandemic. Get Fortescue Metals Group Ltd (FMG-AU:ASX) real-time stock quotes, news and financial information from CNBC. FMG calculation: 10% - ($2.23 / $20.61) = … Is WisdomTree Global exU.S. After China unofficially put imports of half-a-dozen categories of Australian products on hold last month, already-tense relations have worsened. More than 50 coal ships have been waiting a month or more off Chinese ports to deliver their cargo. As Adam Smith once pointed out, our economic fortunes don’t depend on our partners’ benevolence, but their self-interest.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. Utilities, especially in coastal provinces with good port access, prefer imported product. Privacy Notice, and Students are more or less bound to return when they’ve paid for multiyear courses. The previous Fortescue Metals Group Ltd dividend was 100c and it went ex 3 months ago and it was paid 2 months ago. A war of words over South Korea’s deployment of a U.S. anti-missile shield caused Chinese tourist visits to drop by nearly 50% from a year earlier in 2017. Fortescue Metals Group Ltd. historical stock charts and prices, analyst ratings, financials, and today’s real-time FMG stock price. Tencent Ltd.’s WeChat, which has about 690,000 users in Australia, blocked a Chinese-language message responding to the controversy from Prime Minister Scott Morrison.Forget the sturm und drang. 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Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. As the receding outbreak causes in-country student numbers to rise again — and the first such flight touched down in Darwin this week — export revenue will increase too.For all the bad blood between Australia and China these days, those links may prove surprisingly resilient. The relative strength of a dividend stock indicates whether the stock is uptrending or not. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … Read about Fortescue's progress on our social, safety and environmental performance for the 2020 financial year. This browser is no longer supported at MarketWatch. It operates through the China and Other geographical segments. Cookie Notice. Fortescue Metals Group Ltd’s Dividend Reinvestment Plan provides shareholders with the option to automatically reinvest some or all their dividends in additional Fortescue shares. Visit a quote page and your recently viewed tickers will be displayed here. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron Bridgen and copper-gold exploration. Valuing Fortescue Metals Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortescue Metals Group's overall performance. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. All rights reserved. There are typically 2 dividends per year (excluding specials). Subscribe to Premium to view Fair Value for FSUGY. The following year, however, numbers grew 15%, and then 26% again the year after that.Put those major items of commerce together and they represent roughly $100 billion in exports, far more than the $15 billion or so on China’s target list of banned goods, including $792 million of wine. Even there, the damage is unlikely to be lasting. Fortescue Metals Group Ltd (Fortescue) (ASX: FMG) acknowledges the interim report of the Joint Standing Committee on Northern Australia Inquiry into the destruction of 46,000 year old caves at the Juukan Gorge in the Pilbara region of Western Australia. FORTESCUE METALS GROUP LIMITED (FMG) Add to my list. Subscriber Agreement & Terms of Use, With its stock down 8.7% over the past three months, it is easy to disregard Fortescue Metals Group (ASX:FMG). View real-time stock prices and stock quotes for a full financial overview. Is Heritage-Crystal Clean (NASDAQ:HCCI) Using Too Much Debt? Copyright © 2020 MarketWatch, Inc. All rights reserved. Something went wrong while loading Watchlist. The major determining factor in this rating is whether the stock is trading close to its 52-week-high. Shares in Australian iron-ore miner Fortescue Metals Group Ltd. rose more than 13% Thursday after Brazil’s Vale SA put out downbeat production targets for this year and next.Coal, the second-biggest export, is a dicier proposition. Vote “Outperform” if you believe FMG will outperform the S&P 500 over the long term. Create a list of the investments you want to track. View the latest FSUMF stock quote and chart on MSN Money. Find the latest FORTESCUE METALS GROUP LTD (FSUGY) stock quote, history, news and other vital information to help you with your stock trading and investing. Report. The company has holdings of more than 87,000 km 2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP Billiton and Rio Tinto. MarketScreener Homepage > Equities > Australian Stock Exchange > Fortescue Metals Group Limited FMG AU000000FMG4. Log in to see them here or sign up to get started. The population of Chinese students living in Australia fell by about 25,000 between March and October. By using this site you agree to the Australia’s exports to China, after breaking previous records in each of the past five years, will repeat the trick again in 2021. However, a closer look at its sound financials might cause you to think again. Brazil, the second-biggest exporter after Australia, has been hit hard by the pandemic, and thus hasn’t been able to increase shipments enough to keep up with demand. How has Fortescue Metals Group's share price performed over time and what events caused price changes? The next Fortescue Metals Group Ltd dividend is expected to go ex in 3 months and to be paid in 4 months. Fortescue Metals Group Ltd. engages in the development of iron ore deposits. The relative strength of a dividend stock indicates whether the stock is uptrending or not. Latest Share Price and Events Stable Share Price : FMG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week. As of today (2020-12-07), Fortescue Metals Group's weighted average cost of capital is 7.62%.Fortescue Metals Group's ROIC % is 26.96% (calculated using TTM income statement data). That’s a remarkable contrast to the gloomy political picture, where Australia and its biggest trading partner, China, have been locked in a deepening cycle of conflict for months. FMG's most recent final dividend payment was made to shareholders of record on Friday, October 2. More. Intraday Data provided by FACTSET and subject to terms of use. It has grown from obscurity at the start of 2008 to become the world's fourth- largest producer. Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. Some 166,206 Chinese students are enrolled at Australian universities, but more than half that number are currently stuck outside the country, according to an October study. Even after that, expansion will continue. Fortescue Metals Group Limited (FMG.AX) pays out 114.88% of its earnings out as a dividend. Fortescue Metals Group Ltd (FSUMF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. A diplomat in Beijing this week tweeted a fake photograph of an Australian soldier holding a knife to the throat of an Afghan child, a reference to an ongoing investigation of war crimes allegedly committed by the country’s special forces. President Xi Jinping has promised to move China to net zero emissions by 2060. David Iben put it well when he said, 'Volatility is not a risk we care about. : Get the latest Fortescue Metals Group stock price and detailed information including news, historical charts and realtime prices. AU:FMG - Fortescue Metals Group Ltd. Advanced Chart, Quote and financial news from the leading provider and award-winning BigCharts.com. More than half of Australia’s total exports to China consist of just one product: iron ore. That trade has been on a tear over the past year, with Beijing employing its usual strategy of industrial stimulus to grow its way out of a coronavirus-induced downturn. More. Fortescue Metals Group Limited Stock Price Forecast, "FMG" Predictons for2020 What we care about is avoiding the... Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. Fortescue Metals Group Limited (Fortescue) is engaged in the exploration, development, production, processing and sale of iron ore. Fortescue owns and operates a fully integrated infrastructure and supply chain including five berth Herb Elliott Port in Port Hedland, the Judith Street Harbour towage infrastructure and the heavy haul railway covering 620 kilometers (km) of track. (Bloomberg Opinion) -- Judging by the sounds emerging from embassies and trade ministries, you’d think one of China’s most important economic relationships was on the rocks. While the median analyst forecast has ore averaging $92 a ton in 2021, compared with $102 this year, forward pricing implies a figure of $116.64. ATTRACTIVE: Fortescue Metals Group exhibits an implied growth ratio which is less than the industry average for metals & mining stocks listed on the ASX. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. But currency markets are predicting it’s on the verge of another boom.The Australian dollar hit its highest level in more than two years Thursday, capping a 29% rally from its nadir in late March. Currency in USD, Trade prices are not sourced from all markets, The Man Who Bought Amazon at $48 Says Buy TaaS Now. Barron's also provides information on historical stock ratings, … The moves come after data showed the country emerging from recession in the September quarter. Get the latest Fortescue Metals Group Ltd. FSUGY detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Australian thermal and coking coal is far cheaper than its Chinese-produced equivalent, a fact that’s been exacerbated by the current embargo as supply dwindles and mainland prices rise. Quality Dividend Growth ETF (DNL) a Strong ETF Right Now. View Fortescue Metals Group Ltd. FSUGY investment & stock information. Historical and current end-of-day data provided by FACTSET. MarketBeat's community ratings are surveys of what our community members think about Fortescue Metals Group Limited (FMG.AX) and other stocks. For the best MarketWatch.com experience, please update to a modern browser. There are currently no items in this Watchlist. Fortescue is the fourth largest iron ore producer in the world after BHP, Rio Tinto, and Vale. It’s not hard to see why when you look at the numbers. View the latest Fortescue Metals Group Ltd. (FMG) stock price, news, historical charts, analyst ratings and financial information from WSJ. Dive deeper with interactive charts and top stories of FORTESCUE METALS GROUP LTD. The list, after all, is unofficial, and Chinese customs agents have already started letting some coal cargoes through.For all the tension between Australian and Chinese politicians, commercial links are as strong as ever — and, indeed, are likely to deepen over the coming 12 months as the coronavirus pandemic recedes. Fortescue Metals Group Limited (FMG.AX) has received 57.27% “outperform” votes from our community. The pace of revenue growth in China’s steel-intensive engineering and construction sector isn’t set to peak until the first half of next year, according to Fitch Ratings. Have Watchlists? New weekly claims are now about four times greater than they were before the pandemic. ‘There’s always a lot of hype around IPOs’: Read this before buying Airbnb stock, Jobless Claims Soar as Covid Resurgence Hits Economy, Lagarde: ECB doesn't target exchange rate, but appreciation of euro weighs on prices, Dow futures under pressure as Wall Street awaits FDA vaccine, mulls rise in U.S. jobless claims, ‘Firing on all cylinders’ during COVID-19: Adobe offers promising outlook after earnings beat, Economic forecasts haven’t accelerated after good vaccine news. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. 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