Zooming Out On Fortescue Metals Shares (ASX: FMG)
Looking at Fortescue’s performance on a stock chart through 2024 does not make pretty reading, but the firm remain a hugely influential name that has performed admirably over longer time horizons. The 37% dip seen in FMG shares since the start of the year seems poor at first glance, but when you zoom out and…
Fortescue Ramps Up Green Hydrogen Investment
Fortescue Metals Group (ASX:FMG) has announced its intention to bolster investment in green energy technology. Despite recent challenges that have led to a recalibration of its production targets, the mining juggernaut remains steadfast in its pursuit of zero-emissions hydrogen as a cornerstone of its sustainability agenda. The share price is now down more than 30%…
Fortescue Realigns Priorities as it Enters Third Decade
As Fortescue Metals Group (ASX: FMG) marks its 21st year in operation, the mining giant is demonstrating a shift in strategy, with a new focus on more conventional green energy projects. This realignment suggests a maturation in the company’s approach towards its ambitious clean energy goals. Founded by billionaire Andrew Forrest, Fortescue has indicated that…
Fortescue Metals Group (ASX: FMG)
Company Information Fortescue Metals Group Limited (ASX: FMG) Fortescue Ltd is an Australian company that has branched out from its origins in metals into green technology and energy. It operates through two main divisions: Metals and Energy. The Metals division handles everything from finding and digging up iron ore to processing and shipping…
Iron Ore Slump Tests Mettle of Mining Giants BHP, Rio Tinto, and Fortescue
Investors in three of the world’s major iron ore producers, BHP (ASX: BHP), Rio Tinto (ASX: RIO), and Fortescue Metals Group (ASX: FMG), are facing pressures as their share prices have tumbled significantly. With declines ranging from 15 to 20% from their year-to-date highs, these companies have been affected by a notable downturn in iron…
Fortescue Limited (ASX: FMG) for Contrarian Investors
Fortescue is expanding into green technology and energy. Over five years, Fortescue’s share price dramatically outperformed rivals BHP and RIO. Full Year 2023 financial results showed declines in both revenue and profit and a dividend cut. Steel demand in China is arguably the primary mover of the price of iron ore. With the Chinese economy…
A Contrarian View of Fortescue Metals (ASX: FMG)
Fortescue Metals is the fourth largest producer or iron ore in the world. The price of iron ore has seen volatility this year. The Chinese economy is stuttering, risking a lowered demand for metals. Over five years, Fortescue Metals has seen share price appreciation of 398.28% (as of 11:11 AM on 2 August), average dividend…
