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How to buy Fortescue Metals Group (FMG) shares
Learn how to easily invest in Fortescue Metals Group shares.
Fortescue Metals Group Ltd (FMG) is a leading other industrial metals & mining business based in Australia. It opened the day at AUDA$19.14 after a previous close of AUDA$19. During the day the price has varied from a low of AUDA$19.12 to a high of AUDA$19.27. The latest price was AUDA$19.255 (25 minute delay). Fortescue Metals Group is listed on the Australian Securities Exchange (ASX) and employs 11,910 staff. All prices are listed in Australian Dollars.
How to buy shares in Fortescue Metals Group
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. To buy shares in an Australian-listed company from New Zealand, you'll need to find a trading platform that allows access to the ASX.
- Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Fortescue Metals Group Ltd. Find the stock by name or ticker symbol – FMG – and research it before deciding if it's a good investment for you.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of FMG, depending on your share trading account.
- Purchase now or later. Buy your desired number of shares today with a market order or use a limit order to delay your purchase until FMG reaches a desired price.
- Check in on your investment. Congratulations, you own a part of Fortescue Metals Group Ltd. Optimise your portfolio by tracking your stock — and even the business — performs with an eye on the long term.
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How has Coronavirus impacted Fortescue Metals Group's stock price?
Since the stock market crash in March caused by coronavirus, Fortescue Metals Group's stock price has had significant positive movement.
Its last market close was A$19.62, which is 42.92% up on its pre-crash value of A$11.2 and 139.27% up on the lowest point reached during the March crash when the stocks fell as low as A$8.2.
If you had bought A$1,000 worth of Fortescue Metals Group stocks at the start of February 2020, those stocks would have been worth A$868.19 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth A$1,783.65.
Fortescue Metals Group shares at a glance
|52-week range||A$13.62 - A$23.22|
|50-day moving average||A$21.03|
|200-day moving average||A$19.95|
|Wall St. target price||A$17.89|
|Dividend yield||A$1.311 (9.53%)|
|Earnings per share (TTM)||A$2.83|
Fortescue Metals Group stock price (Australian Securities Exchange (ASX):FMG)Use our graph to track the performance of FMG stocks over time.
Fortescue Metals Group price performance over time
Historical closes compared with the close of A$19.255 from 2023-05-26
|1 week (2023-05-19)||-6.16%|
|1 month (2023-04-27)||-7.69%|
|3 months (2023-02-27)||-7.47%|
|6 months (2022-11-25)||1.66%|
|1 year (2022-05-27)||-1.71%|
|2 years (2021-05-27)||-13.54%|
|3 years (2020-05-27)||47.21%|
|5 years (2018-05-25)||324.12%|
Is Fortescue Metals Group stock undervalued or overvalued?
Valuing Fortescue Metals Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortescue Metals Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fortescue Metals Group's P/E ratio
Fortescue Metals Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Fortescue Metals Group shares trade at around 7x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Fortescue Metals Group's EBITDA
Fortescue Metals Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is A$10 billion.
The EBITDA is a measure of a Fortescue Metals Group's overall financial performance and is widely used to measure a its profitability.
Fortescue Metals Group financials
|Revenue TTM||A$17.1 billion|
|Operating margin TTM||49.64%|
|Gross profit TTM||A$9.7 billion|
|Return on assets TTM||19.96%|
|Return on equity TTM||35.18%|
|Market capitalisation||A$60.4 billion|
TTM: trailing 12 months
Fortescue Metals Group's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortescue Metals Group.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Fortescue Metals Group's total ESG risk score
Total ESG risk: 27.89
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortescue Metals Group's overall score of 27.89 (as at 12/31/2018) is nothing to write home about – landing it in it in the 51st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fortescue Metals Group is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Fortescue Metals Group's environmental score
Environmental score: 14.49/100
Fortescue Metals Group's environmental score of 14.49 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Fortescue Metals Group is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Fortescue Metals Group's social score
Social score: 7.58/100
Fortescue Metals Group's social score of 7.58 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Fortescue Metals Group is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Fortescue Metals Group's governance score
Governance score: 10.82/100
Fortescue Metals Group's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Fortescue Metals Group is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Fortescue Metals Group's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fortescue Metals Group scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fortescue Metals Group has, for the most part, managed to keep its nose clean.
Fortescue Metals Group share dividends
Dividend payout ratio: 1.69% of net profits
Recently Fortescue Metals Group has paid out, on average, around 1.69% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 9.53% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Fortescue Metals Group shareholders could enjoy a 9.53% return on their shares, in the form of dividend payments. In Fortescue Metals Group's case, that would currently equate to about A$1.311 per share.
While Fortescue Metals Group's payout ratio might seem low, this can signify that Fortescue Metals Group is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 26 February 2023 (the "ex-dividend date").
Have Fortescue Metals Group's shares ever split?
Fortescue Metals Group's shares were split on a 10:1 basis on 18 December 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Fortescue Metals Group shares – just the quantity. However, indirectly, the new 90% lower share price could have impacted the market appetite for Fortescue Metals Group shares which in turn could have impacted Fortescue Metals Group's share price.
Fortescue Metals Group share price volatility
Over the last 12 months, Fortescue Metals Group's shares have ranged in value from as little as A$13.6233 up to A$23.22. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Fortescue Metals Group's is 0.9172. This would suggest that Fortescue Metals Group's shares are less volatile than average (for this exchange).
Fortescue Metals Group overview
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador, Argentina, Colombia, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.
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