S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
OTCMKTS:FSUGY

Fortescue (FSUGY) Stock Price, News & Analysis

$33.43
+0.20 (+0.60%)
(As of 03/28/2024 05:45 PM ET)
Today's Range
$33.30
$33.58
50-Day Range
$31.21
$39.02
52-Week Range
$24.33
$39.76
Volume
15,997 shs
Average Volume
31,661 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)
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
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
Receive FSUGY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fortescue and its competitors with MarketBeat's FREE daily newsletter.

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

Social Links

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

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

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.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these Fortescue pros and cons to contact@marketbeat.com.

FSUGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Fortescue stock right now?

2 Wall Street equities research 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 equities research 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 at the start of the year. Since then, FSUGY shares have decreased by 14.8% and is now trading at $33.43.
View the best growth stocks for 2024 here
.

Are investors shorting Fortescue?

Fortescue saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 6,300 shares, a decline of 59.4% from the February 29th total of 15,500 shares. Based on an average daily 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. Shareholders of record on Monday, March 4th will be given 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 a boost 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 3/29/2024 by MarketBeat.com Staff

From Our Partners