Fortescue Metals Group Shares (ASX: FMG) Drop Alongside Iron Ore Price
Fortescue Metals shares (ASX: FMG) closed at $15.66, marking a 3.39% decline and cutting its winning streak at six days. This near-term positive momentum, with an 8% rise since the start of June (now 4.4%) leading into the session, contrasting with the significant challenges the company faced in recent times. The company’s performance in 2024…
Fortescue’s Leadership Shift Increases Uncertainty – Shares Under Pressure
Fortescue Metals Group, one of Australia’s leading iron ore producers, has seen it’s share price (ASX: FMG) fade into the weekend, down 2.39% on the day, and 8.76% on the week. This extends what has been a horrible 12 months for holders, with FMG shedding 42.5% on the year. Fortescue’s share price decline is not…
Fortescue Shares Make New 52 Week Low as Bears Pile on Pressure
Fortescue shares (ASX: FMG) continued their downward trajectory this week, closing down 2.99%, and critically below the $15level. In closing at $14.94, Fortescue’s share price also made a new 52 week low at $14.86 on the day, with the year high of $27.67 a long way away. The recent single-day decline is symptomatic…
Fortescue Metals Shares (ASX: FMG) Move Red YTD as Margins Narrow
Fortescue Metals shares (ASX: FMG) moved 3.03% into the red year-to-date, as today’s update failed to live up to expectations. The FMG share price ended the day down 6.22% as $18.24, within the range where support was previously found earlier this month. One of the key factors affecting the stock was the company’s reported financial…
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…
