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.