Is Fortescue a good share?
Fortescue is benefiting from a reasonably strong iron ore price and this is translating to good cash flow and big dividends. The dividend estimate on Commsec suggests Fortescue will pay a grossed-up dividend yield of 13.25% in FY22.
How many shares are in Fortescue Metals?
Share statistics
| Avg vol (3-month) 3 | 8.86M |
|---|---|
| Avg vol (10-day) 3 | 8.37M |
| Shares outstanding 5 | 3.08B |
| Implied shares outstanding 6 | N/A |
| Float 8 | 1.58B |
Who owns FMG?
The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto….Fortescue Metals Group.
| Ore-processing facility, Christmas Creek Mine, Pilbara | |
|---|---|
| Traded as | ASX: FMG |
| ISIN | AU000000FMG4 |
| Industry | Metals and mining |
| Founded | 2003 |
Is FMG a good dividend stock?
1) Fortescue Metals Group (ASX: FMG) According to Fitch Solutions, the iron ore price is forecasted to stay above $US100 per tonne into 2023, supporting FMG’s strong dividend. The miner paid out a dividend of $3.58 in 2021, which may even increase this year as the mining supercycle gathers pace.
Does Fortescue have a future?
In October 2021, Fortescue Future Industries signed an agreement with JCB and Ryze Hydrogen to become the United Kingdom’s largest supplier of green hydrogen. JCB and Ryze will purchase 10% of FFI’s global green hydrogen production.
Is FMG ASX a buy?
Credit Suisse rates it as ‘underperform’ with a price target of just $14 because of the valuation compared to its iron ore mining rivals like BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO).
What is the future for Fortescue Metals?
Fortescue Future Industries is investing to create a global portfolio of green energy projects to supply 15 million tonnes per year of renewable green hydrogen by 2030. From there, the plan is to accelerate production to 50 million tonnes per year over the following decade.
Is Fortescue a buy or sell?
Quite a few brokers actually think that the Fortescue share price is a sell. Credit Suisse rates it as ‘underperform’ with a price target of just $14 because of the valuation compared to its iron ore mining rivals like BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO). It also wants more information on FFI.
Who is the biggest shareholder of FMG?
Tattarang Pty Ltd is currently the company’s largest shareholder with 36% of shares outstanding. Hunan Valin Steel Co., Ltd. is the second largest shareholder owning 8.8% of common stock, and Capital Research and Management Company holds about 4.9% of the company stock.
Does FMG own FFI?
It is also a decisive step forward in FFI’s journey to become one of the world’s largest green energy producers,” said Elizabeth Gaines, CEO of Fortescue Metals Group Ltd (ASX: FMG), the parent company of FFI.
Why is Fortescue dividend so high?
One of the reasons for the large dividend expectations is that the iron ore price has been higher than at the end of 2021. Credit Suisse is expecting the iron ore price to remain stronger for longer because of lower production by the large miners, which is affecting the relationship between global supply and demand.
Why is Fortescue stock falling?
China lockdown fears Weighing down the market price for iron ore, and effectively Fortescue’s shares, has been China’s worsening COVID-19 situation. The highly-transmissible Omicron variant has recently taken hold of Beijing, which is expected to lead to government restrictions.
Why is FMG dividend so high?
Fortescue benefits from higher iron ore prices as it essentially flows straight to the net profit line of the business, after paying the government. The ASX mining share is committed to a high dividend payout ratio, so shareholders will likely see the benefits of higher profit in the next result with strong dividends.
Why are Fortescue shares falling?
China lockdown fears. Weighing down the market price for iron ore, and effectively Fortescue’s shares, has been China’s worsening COVID-19 situation. The highly-transmissible Omicron variant has recently taken hold of Beijing, which is expected to lead to government restrictions.
Who owns Fortescue future industries?
Fortescue Metals Group
Fortescue Future Industries is a subsidiary of Fortescue Metals Group.
Can I buy shares in Fortescue future industries?
You can purchase Fortescue stocks online if you wish to diversify your portfolio through exposure to the mining industry.
How much will FMG dividend be in 2022?
Key statistics for fmg
| Type | Interim |
|---|---|
| Dividend amount | $0.860 |
| Annual yield | 17.16% |
| Ex date | 28 Feb 2022 |
| Record date | 01 Mar 2022 |
Is FMG a buy now?
Why is FMG in a trading halt?
FMG restarts mining operations after worker’s death The company was thus forced to temporarily halt work there, and said that it was working closely with the state’s police and mining department. The pause partly resulted in a spike in iron ore prices on Thursday, Reuters reported.