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An announcement from Fortescue Metals Group Ltd ( (AU:FMG) ) is now available.
Fortescue posted record first-half iron ore shipments of 100.2 million tonnes in the six months to 31 December 2025, up 3% year on year, supported by 50.5 million tonnes shipped in the December quarter and rising volumes from its Iron Bridge project. The group maintained strong margins with a hematite C1 cost of US$18.64/wmt in H1 FY26, healthy price realisations for both hematite and Iron Bridge concentrate, and strong cash generation that lifted its cash balance to US$4.7 billion and kept net debt at US$1.0 billion, while reiterating full-year guidance on shipments, costs and capital expenditure. Operationally, Fortescue advanced its decarbonisation agenda with the first 250MWh large-scale battery energy storage system in the Pilbara, progressed studies on Gabon’s Belinga iron ore project via a new presidential taskforce, and moved to acquire the remaining 64% of Alta Copper to deepen its critical minerals exposure in Latin America, underscoring a strategy of diversifying beyond iron ore while scaling low-carbon power for its mines.
The most recent analyst rating on (AU:FMG) stock is a Sell with a A$20.60 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
More about Fortescue Metals Group Ltd
Fortescue Metals Group Ltd is a major Australian iron ore miner, producing hematite and high-grade concentrate primarily from operations in the Pilbara region, with a growing portfolio in critical minerals, energy and technology. The company is expanding into copper through acquisitions in Latin America and is investing heavily in decarbonisation, including large-scale renewable energy and battery storage to support its mining operations.
Average Trading Volume: 6,409,558
Technical Sentiment Signal: Buy
Current Market Cap: A$68.9B
For detailed information about FMG stock, go to TipRanks’ Stock Analysis page.