17/03/2025 09:00

Chart of the Week – Fortescue Ltd (FMG) $16.27

FMG is undoubtedly a volatile beast, halving from its early 2024 high, with not even its chunky dividend helping offset the capital depreciation in just over one year.

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20/02/2025 17:28

Fortescue Metals (FMG) $18.24

FMG –6.22%: 1H25 result was a slight miss operationally due to higher costs versus consensus and lower revenue. Higher non-cash charges drove a miss on underlying earnings, which translated through to a lower interim dividend. 

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11/02/2025 09:32

Fortescue Ltd (FMG) $18.29

FMG has lagged BHP when it comes to dancing with Chinese stocks, which is no surprise as it’s a pure iron ore (Fe) play. We don’t anticipate a strong move by China’s equity market to drag FMG higher, but we’re already seeing some analysts soften their bearish outlook for Fe

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04/02/2025 09:47

Fortescue Ltd (FMG) $18.29

The iron ore complex was hit hard yesterday with FMG -4.4% the weakest of the majors although RIO -2.1% and BHP -1.8% were still caught in the downdraft, however, the bulk commodity ended the day largely unchanged. China arguably remains Trumps main focus, he just started  his tariff campaign with weaker targets to test the waters, the overnight negotiations with Mexico make this move appear prudent.

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30/01/2025 09:56

Fortescue Ltd (FMG) $19.09

We included FMG this morning because it’s currently the highest-yielding ASX200 on historical numbers,  which has proven to be a yield trap for many – a common issue for investors wearing blinkers.

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23/01/2025 16:48

Fortescue Metals (FMG) $18.62

FMG –2.15%: The iron ore producer came out with a solid quarterly on a tough day for commodity stocks. 

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01/10/2024 09:24

Fortescue Ltd (FMG) $20.68

FMG has bounced ~35% from its September low. Although we made a profit yesterday in our “Trading Ideas” section with a quick +25% return, we’re comfortable holding our longer-term position in our Active Income Portfolio. After such a sharp rally, we wouldn’t be surprised to see FMG trade between $19 and $23 over the coming weeks.

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24/09/2024 09:22

Fortescue Ltd (FMG) $17.69

It was encouraging to see FMG reverse higher even as iron ore flirted with $US90/MT during the Singapore trade. We continue to like FMG as a short-term play targeting the $19-20 area, but the medium term will depend on China's success in turning around its embattled property market.

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16/09/2024 09:00

Trade of the Week

Last week, lithium and uranium names rallied aggressively, while copper, gold, and coal names played supporting roles. However, advances by iron ore stocks were a touch more muted as China supply/demand factors weighed on the sector, e.g. Fortescue (FMG) +8.6%, RIO Tinto (RIO) +4.1%, and BHP Group (BHP) +3%.

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10/09/2024 09:32

Fortescue Ltd (FMG) $16.20

FMG also managed to edge higher on Monday, a solid performance on a day that saw equities and iron ore decline. Twiggy Forrest’s iron-ore miner traded ex-dividend 89c fully franked last week; our preferred scenario is similar to BHP, with a trading range of $15-19 being our “Best Guess” into Christmas.

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