Fortescue Ltd

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Fortescue Ltd (FMG) Price Performance

Fortescue Ltd (FMG) trades on Australian Securities Exchange in AUD. The company is classified in the Basic Materials sector under the Other Industrial Metals & Mining industry. The stock currently trades at AUD18.96, down 3.76% from the previous close.

Over the past year, FMG has traded between a low of AUD13.76 and a high of AUD22.98. The stock has gained 21.6% over this period. It is currently 17.5% below its 52-week high.

Fortescue Ltd has a market capitalization of $60.66B, with a price-to-earnings ratio of 11.39 and a dividend yield of 4.14%.

About Fortescue Ltd

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.