FORTESCUE METALS GROUP LTD (FMG)
Share Price Analysis and Chart

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FMG - FORTESCUE METALS GROUP LTD

FNArena Sector : Iron Ore
Year End: June
GICS Industry Group : Materials
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Fortescue Metals is an Australian iron ore company with operations in the Pilbara, Western Australia. It is the fourth largest iron ore producer in the world and became a listed company, through a backdoor-listing, in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$20.95

15 Apr
2021

0.710

OPEN

$20.53

3.51%

HIGH

$21.06

7,467,663

LOW

$20.46

TARGET
$21.879 4.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARI . BCI . GRR . MGX . MIN . CIA . DRR . FMS .
FNARENA'S MARKET CONSENSUS FORECASTS
FMG: 1
Title FY21
Forecast		 FY22
Forecast
EPS (cps) 434.3 xxx
DPS (cps) 411.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 4.8 xxx
Dividend Yield 19.8% xxx
Div Pay Ratio(%) 94.7% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 39.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.45

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/03 - 147c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx229.5
DPS All xxxxxxxxxxxxxxx176.0
Sales/Revenue xxxxxxxxxxxxxxx19,124 M

EPS Basic

DPS All

Sales/Revenue

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

18/03/2021

5

Underweight

$17.45

-16.71%

In a double warning for lower grade miners, Morgan Stanley strategists believe emissions cuts in the Chinese city of Tangshan could be the beginning of major iron ore market headwinds, potentially taking it from a significant deficit to balance.

Also, secondary impacts of improving mill profitability could result in expanded low-grade discounts, negatively affecting Fortescue Metals Group.

The broker continues to see significantly lower prices in 2H as China's steel production softens on the back of its stimulus
easing, while also seeing more supply hitting the market through the year.

However, China's supply restrictions could accelerate this process, bringing downside to the still-elevated 62% Fe fines price sooner rather than later. Underweight and $17.45 target retained. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY21 dividend of 288.32 cents and EPS of 362.81 cents.
Morgan Stanley forecasts a full year FY22 dividend of 155.88 cents and EPS of 204.17 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

FMG STOCK CHART

FNArena News on FMG

1
Material Matters: Gold, Thermal Coal & Alumina

11:01 AM - Commodities
2
Material Matters: Lithium, Oil, Base Metals, Gold

Apr 14 2021 - Commodities
3
Material Matters: Nickel, Oil, Silver, Iron ore, Copper

Apr 12 2021 - Commodities
4
Rudi’s View: Telstra, CSL, Xero & Charter Hall

Apr 09 2021 - Rudi's View
5
Material Matters: Iron Ore, Gold & Copper

Apr 08 2021 - Commodities

Latest Iron Ore News

1
Fortescue: Recovery Underway?

Mar 30 2021 - Technicals
2
Mineral Resources: Ready To Launch?

Mar 23 2021 - Technicals
3
Fortescue Ensures Dividends Aplenty

Dec 10 2020 - Australia
4
Iron Ore: Reasons To Remain Bullish

Dec 02 2020 - Technicals
5
Deterra Royalties To The Fore In Iron Ore

Nov 12 2020 - Australia
6
Iron Ore: Soaring And Roaring

Sep 14 2020 - Commodities
7
Can Fortescue Metals Sustain Lofty Heights?

Aug 25 2020 - Australia
8
Iron Ore Miners: Buy The Dips

Jul 22 2020 - Technicals
9
More Upside For Fortescue

Jul 14 2020 - Technicals
10
Material Matters: Copper Concerns And Iron Ore

Jun 29 2020 - Commodities