Fortescue Ltd (FSUMF)
Fortescue Ltd operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Perth, WA, AU. The stock last traded at $13.00, up 7.00% on the session, giving a market capitalisation of $40.03B. On trailing twelve-month figures it carries a trailing P/E of 12.37, a net margin of 17.0%. Its beta of 0.76 implies it has historically moved less than the broad market.
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company explores for copper and lithium deposits; and rare earth elements. It owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as green technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in Perth, Australia.
Fortescue Ltd is most often compared with the following Basic Materials names: