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Fortescue Ltd. Sponsored ADR (FSUGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Fortescue Deputy Chairman Mark Barnaba discusses rising costs from the Iran war, China's growing influence and the miner's push to replace diesel with renewable energy. Barnaba speaks with Bloomberg's Haslinda Amin exclusively from the Bank of America's Breakthrough Technology Dialogue Asia Pacific in Singapore.
Fortescue delivers robust cash flow from iron ore, supporting diversification into copper and green energy initiatives. First-half 2026 results show 10% revenue growth to $8.4 billion, net income of $1.91 billion, and a 65% payout ratio with a fully franked 6% dividend yield. FSUMF maintains strong cost discipline, with C1 costs of $17.5-18.5/wmt and capex well-covered by $6.25-$6.50 billion in annualized operating cash flow.
Australia's Fortescue said on Friday it was expediting the rollout of an off-grid green energy system to eliminate fossil fuels, particularly diesel, from Pilbara mining operations.
Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday.
Dino Otranto, CEO of Fortescue Metals, joins Squawk Box Asia to discuss how the Iran war is affecting the company's operations, and why periods of fuel insecurity underscore the urgency of decarbonization.
Fortescue (OTCMKTS:FSUGY - Get Free Report) and Skeena Resources (NYSE: SKE - Get Free Report) are both basic materials companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, valuation, analyst recommendations, earnings, profitability, institutional ownership and dividends. Insider and Institutional Ownership 45.2% of Skeena Resources
Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $30.73, but opened at $29.35. Fortescue shares last traded at $29.35, with a volume of 107 shares traded. Analyst Ratings Changes Separately, Jefferies Financial Group downgraded Fortescue from a "hold" rating to
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