tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Fortescue Metals Achieves Record Shipments and Advances Green Initiatives

Story Highlights
  • Fortescue Metals reported record iron ore shipments of 198.4 million tonnes for FY25.
  • The company focuses on decarbonization and green energy, refining its project pipeline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fortescue Metals Achieves Record Shipments and Advances Green Initiatives

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Fortescue Metals Group Ltd ( (AU:FMG) ) just unveiled an update.

Fortescue Metals Group Ltd reported record full-year iron ore shipments of 198.4 million tonnes for FY25, a 4% increase from the previous year, contributing to strong cash flow and a cash balance of $4.3 billion. The company achieved a decline in Hematite C1 costs for the first time since FY20 and is focused on ramping up production at Iron Bridge, advancing decarbonization efforts, and maintaining its position as the industry’s lowest-cost producer. Fortescue’s commitment to green energy and operational excellence is underscored by its strategic decisions to refine its project pipeline and focus on commercial outcomes, while also being recognized for equal opportunity and decarbonization leadership.

The most recent analyst rating on (AU:FMG) stock is a Hold with a A$17.45 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 leading company in the mining industry, primarily focused on the production and shipment of iron ore. The company is known for its low-cost production and has a strong emphasis on safety, operational efficiency, and decarbonization efforts. Fortescue is also involved in green energy projects and aims to build a sustainable supply chain in collaboration with global partners.

Average Trading Volume: 7,175,418

Technical Sentiment Signal: Buy

Current Market Cap: A$54.81B

For detailed information about FMG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1