Is Fortescue overvalued?

Is Fortescue overvalued?

After two years in overvalued territory, mining giant Fortescue Metals is now fairly valued according to Morningstar after a significant drop in the price of iron ore. But analysts are pricing in more downside saying prices for the commodity could fall below US$50 by 2025.

Why is FMG overvalued?

There are four key reasons why Goldman is bearish on Fortescue. These include its relative valuation, the widening of low grade iron ore discounts, execution and ramp up risks on the Iron Bridge project, and uncertainties around Fortescue Future Industries (FFI) diversification and Pilbara decarbonisation.

What is ex dividend date for FMG?

Latest company dividends for Fortescue Metals Group Ltd (FMG)

Sector Market Cap ($m) Ex-dividend date
Materials $64,474 31 Aug 2020
Materials $64,474 2 Mar 2020
Materials $64,474 2 Sep 2019
Materials $64,474 22 May 2019

Who owns Fortescue future industries?

Fortescue Metals Group
Fortescue Future Industries is a subsidiary of Fortescue Metals Group.

Is Fortescue Metals Group A Good Investment?

The good news, alongside the insider buying, for Fortescue Metals Group bulls is that insiders (collectively) have a meaningful investment in the stock. Indeed, they have a glittering mountain of wealth invested in it, currently valued at US$219m.

Is BHP a buy?

Out of the 14 analysts covering BHP, 9 have a buy rating on the share. The average price target from the group is $43.98. This consensus figure implies an upside potential of around 15.5% at the time of writing. The team at Argus is the most optimistic, with an $85.75/share price target.

Is Fortescue Metals Group A Good investment?

Why is Fortescue up?

Highlights. In this year so far, FMG shares are up 6.40% and in the last one month itself the stock has gained over 14%. Due to a slowdown in Chinese demand for iron ore, Fortescue shares underperformed ASX 200 in the year 2021.

Will FMG pay a dividend in 2021?

Dividends & Splits

Ex-Dividend Date Declaration Date Amount
Sep 06, 2021 Aug 30, 2021 2.1100
Mar 01, 2021 Feb 18, 2021 1.4700
Aug 31, 2020 Aug 24, 2020 1.0000

Are Fortescue shares fully franked?

FMG announced a fully franked final dividend of AU$2.11 per share to be paid on 30 September 2021. ALSO READ: Here’s why Fortescue Metals (ASX:FMG) shares are trading at YTD-lows.

Is Fortescue future industries listed on ASX?

The ‘green leg’ of Fortescue Metals Group (ASX:FMG) is in the process of installing solar panels at FFI’s Dawson Road facility, which will mean the electrolyser will be able to produce green hydrogen in 2022 through a pressurised alkaline system.

Can you buy Fortescue Future Industries shares?

While investors can’t buy into Fortescue Future Industries directly, a holding in Fortescue Metals — the world’s fourth largest iron ore producer — will grant them some exposure to the business. The Fortescue Metal share price is up 3.65% trading at $14.77 at the time of writing.

How much is Fortescue Metals worth?

As of 10/09/21, shares in Fortescue Metals are trading at A$18.27, giving the company a market capitalisation of £29.93bn. This share price information is delayed by 15 minutes.

When is Fortescue Metals Group’s next quarterly announcement?

Fortescue Metals Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 16th 2022. View our earnings forecast for Fortescue Metals Group. How were Fortescue Metals Group’s earnings last quarter?

What is Fortescue Metals Group’s dividend payout ratio?

The dividend payout ratio of Fortescue Metals Group is 90.27%. Payout ratios above 75% are not desirable because they may not be sustainable. View Fortescue Metals Group’s dividend history. Who are Fortescue Metals Group’s key executives? Ms. Elizabeth Anne Gaines, CEO, MD & Exec. Director (Age 57, Pay $2.9M)

What were the earnings results for fortfortescue Metals Group Limited (FMG)?

Fortescue Metals Group Limited (ASX:FMG) announced its earnings results on Wednesday, February, 20th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03.