Fortescue Metals Group Limited (FSUGY)
Fortescue Metals Group Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Perth, WA, AU. The stock last traded at $25.25, down 0.20% on the session, giving a market capitalisation of $38.87B. On trailing twelve-month figures it carries a trailing P/E of 10.24, a net margin of 22.9%. Its beta of 0.75 implies it has historically moved less than the broad market.
Fortescue Metals Group Limited is a global mining enterprise primarily engaged in the full lifecycle of iron ore, encompassing exploration, development, extraction, processing, and worldwide distribution, with a significant presence in Australia and China. Beyond its core iron ore activities, the company also actively explores for copper and gold deposits. Its extensive operational portfolio includes major assets such as the Chichester Hub, which comprises the Cloudbreak and Christmas Creek mines within the Chichester ranges, and the Solomon Hub, home to the Firetail, Kings Valley, and Queens Valley mines, all situated in Western Australia's Pilbara region, specifically the Hamersley ranges. Fortescue is additionally developing the Eliwana mine, another significant project in the Pilbara. The company's interests extend to a portfolio of properties located in Ecuador and Argentina, and it also provides port towage services. Established in 1983, Fortescue Metals Group Limited maintains its corporate headquarters in East Perth, Australia.
Fortescue Metals Group Limited is most often compared with the following Basic Materials names: