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OTCMKTS:FSUGY

Fortescue (FSUGY) Stock Price, News & Analysis

$33.43
+0.20 (+0.60%)
(As of 04:38 PM ET)
Today's Range
$33.30
$33.58
50-Day Range
$31.21
$39.02
52-Week Range
$24.33
$39.76
Volume
15,844 shs
Average Volume
31,658 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
8.35%
Price Target
N/A
FSUGY stock logo

About Fortescue Stock (OTCMKTS:FSUGY)

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It also develops and produces the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Argentina, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. 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 East Perth, Australia.

FSUGY Stock Price History

FSUGY Stock News Headlines

Calculating The Fair Value Of Fortescue Ltd (ASX:FMG)
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Fortescue's First-Half Profit Jumps 41%, Beating Estimates
Fortescue Metals Group Ltd. ADR
Ex-NT chief Michael Gunner resigns from Fortescue role
Fortescue Metals just downgraded at JPMorgan, here's why
Malcolm Turnbull exits Fortescue boardroom
Is this a good time to buy Fortescue shares?
See More Headlines
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Company Calendar

Ex-Dividend for 4/3 Dividend
3/01/2024
Today
3/28/2024
Dividend Payable
4/03/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Current Symbol
OTCMKTS:FSUGY
Previous Symbol
NASDAQ:FSUGY
CIK
N/A
Employees
20,385
Year Founded
2003

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$16.87 billion
Cash Flow
$5.10 per share
Book Value
$11.27 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
1.08

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Key Executives

  • Dr. John Andrew Henry Forrest A.O. (Age 62)
    AICD, BA, FAusIMM, Founder & Executive Chairman of the Board
  • Mr. Dino Otranto
    Chief Executive Officer
  • Ms. Elizabeth Anne Gaines CA (Age 61)
    Global Ambassador & Executive Director
    Comp: $3.37M
  • Dr. Richard Mark Hutchinson B.Com. (Age 58)
    Chief Executive Officer of Fortescue Energy
    Comp: $2.18M
  • Ms. Apple Paget
    Acting Chief Financial Officer
  • Mr. Andrew Driscoll
    General Manager of Investor Relations
  • Mr. Philip James McKeiver
    Chief General Counsel & Company Secretary
  • Ms. Shelley Maree Robertson BSc(Eng)
    GradDip(IT), MBA, MEngSc, Chief Corporate Officer
  • Mr. Eamon Harmon
    General Manager of Exploration
  • Rael McNally
    Managing Director of Fortescue Capital

Should I Buy Fortescue Stock? FSUGY Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Fortescue was last updated on Tuesday, March 26, 2024 at 10:29 PM.

Pros

Here are some ways that investors could benefit from investing in Fortescue Metals Group Limited:

  • Fortescue recently acquired a 19.9% stake in Magmatic Resources, expanding its exposure to copper and gold, which can diversify its revenue streams and potentially increase profitability.
  • With a focus on green energy and green hydrogen production, Fortescue is aligning itself with the global shift towards sustainable practices, which can attract environmentally conscious investors and enhance its long-term sustainability.
  • The company's strategic mining operations in Australia, China, and internationally provide geographic diversification, reducing risks associated with operating in a single region.
  • Fortescue's exploration for rare earth elements and lithium deposits positions it well to benefit from the growing demand for these minerals in various industries, such as electric vehicles and renewable energy.
  • Considering the current stock price of Fortescue Metals Group Limited, which reflects its market valuation, investors may find an opportunity for potential capital appreciation based on the company's growth prospects and industry outlook.

Cons

Investors should be bearish about investing in Fortescue Metals Group Limited for these reasons:

  • Volatility in commodity prices, particularly iron ore, can significantly impact Fortescue's revenue and profitability, exposing investors to market fluctuations and economic uncertainties.
  • Regulatory changes in the mining industry, environmental policies, or trade agreements can affect Fortescue's operations and profitability, leading to potential risks for investors.
  • Dependency on the Chinese market for iron ore exports exposes Fortescue to geopolitical risks and changes in China's economic policies, which can impact the company's financial performance.
  • Investing in mining companies like Fortescue involves inherent risks related to operational challenges, resource depletion, and unforeseen events that can disrupt production and affect investor returns.
  • Market competition and technological advancements in the mining sector can pose challenges for Fortescue in maintaining its competitive edge and market share, potentially impacting investor confidence in the company's long-term growth prospects.

FSUGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortescue stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortescue in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FSUGY shares.
View FSUGY analyst ratings
or view top-rated stocks.

How have FSUGY shares performed in 2024?

Fortescue's stock was trading at $39.24 on January 1st, 2024. Since then, FSUGY stock has decreased by 15.3% and is now trading at $33.23.
View the best growth stocks for 2024 here
.

Are investors shorting Fortescue?

Fortescue saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 6,300 shares, a drop of 59.4% from the February 29th total of 15,500 shares. Based on an average trading volume of 82,200 shares, the short-interest ratio is currently 0.1 days.
View Fortescue's Short Interest
.

How often does Fortescue pay dividends? What is the dividend yield for Fortescue?

Fortescue declared a dividend on Thursday, February 29th. Stockholders of record on Monday, March 4th will be paid a dividend of $1.3952 per share on Wednesday, April 3rd. This represents a dividend yield of 7.34%. The ex-dividend date is Friday, March 1st. This is an increase from the stock's previous dividend of $1.27.
Read our dividend analysis for FSUGY
.

Is Fortescue a good dividend stock?

Fortescue (OTCMKTS:FSUGY) pays an annual dividend of $2.79 per share and currently has a dividend yield of 8.52%. FSUGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for FSUGY.

How do I buy shares of Fortescue?

Shares of FSUGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:FSUGY) was last updated on 3/28/2024 by MarketBeat.com Staff

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