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Fortescue, one of the world's biggest iron-ore miners held guidance steady for shipments for the 12 months through June, but said the outlook hinged on securing a deal with China Mineral Resources Group.
BHP Group Ltd (LSE:BHP, ASX:BHP), Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Fortescue Ltd (ASX:FMG) shares have fallen to multi-month lows as weaker iron ore prices, concerns over global capital expenditure and softer earnings expectations put pressure on Australia's major miners. BHP was down 1% to $57.92 after falling as much as 1.5% to a three-month low of $57.69, bringing the stock within touching distance of its rising 200-day moving average at about $57.66.
Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 15,977 shares, a decline of 60.6% from the September 15th total of 40,518 shares. Based on an average trading volume of 242,637 shares, the short-interest
Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $22.00 and last traded at $22.53, with a volume of 788 shares changing hands. The stock had previously closed at $22.59. Analyst Ratings Changes A number of brokerages recently
Fortescue delivered robust FY2026 cash flows, with 246Mt ore mined and a 9% revenue increase to nearly US$97B. FSUMF generated US$3.8B in free cash flow and declared a full-year A$1.08 dividend, yielding 6.1% with a 65% payout ratio. The balance sheet remains strong, with US$5.07B cash and net debt just over US$230M despite heavy dividend payouts.
Australian miner Fortescue posted a 5% drop in fourth-quarter iron ore shipments on Friday, hurt by subdued performance at Hematite operations.
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.
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