Last $4.20 USD
Change Today +0.21 / 5.26%
Volume 45.6K
FSUGY On Other Exchanges
Symbol
Exchange
OTC US
OTC US
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As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

fortescue metals-spon adr (FSUGY) Snapshot

Open
$4.08
Previous Close
$3.99
Day High
$4.26
Day Low
$4.08
52 Week High
02/24/14 - $10.94
52 Week Low
12/17/14 - $3.89
Market Cap
6.5B
Average Volume 10 Days
57.2K
EPS TTM
--
Shares Outstanding
1.6B
EX-Date
08/29/14
P/E TM
--
Dividend
$0.35
Dividend Yield
8.51%
Current Stock Chart for FORTESCUE METALS-SPON ADR (FSUGY)

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fortescue metals-spon adr (FSUGY) Details

Fortescue Metals Group Limited produces and sells iron ore in Australia. The company holds various tenements covering the Chichester and Solomon hubs located throughout the Pilbara region of Western Australia. It supplies iron ore to customers in China and South East Asia. The company was founded in 2003 and is headquartered in East Perth, Australia.

4,608 Employees
Last Reported Date: 08/20/14
Founded in 2003

fortescue metals-spon adr (FSUGY) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: A$1.8M
Chief Financial Officer
Total Annual Compensation: A$1.0M
Director of Operations
Total Annual Compensation: A$309.2K
Compensation as of Fiscal Year 2014.

fortescue metals-spon adr (FSUGY) Key Developments

Magnitogorsk Reportedly Considering Selling Portion Of Stake In Fortescue To Rashnikov

Open Joint Stock Company Magnitogorsk Iron & Steel Works (MICEX:MAGN) (MMK) is studying the option of selling a portion of the stake in Fortescue Metals Group Limited (ASX:FMG) to Viktor Rashnikov, who controls 86.6% of shares of Magnitogorsk, reported Interfax citing a steel industry source. The source said, "MMK is reconsidering ownership of the FMG stake given the significant change in the price on the iron ore market. Various options are possible, including purchase [by the shareholder] of a portion of the stake." How much of the 5% stake in FMG Rashnikov might buy has not been determined yet. The source said that the sale would be transacted at a market price regardless and the 5% stake is currently worth over $400 million. The source added, "Any final decision will be made no sooner than the first quarter of 2015."

Fortescue Metals Group Announces Executive Changes; Announces to Cut Jobs

Peter Meurs will stand down from his executive role at Fortescue Metals Group. Mr. Meurs would take a two-month sabbatical as development director. It is unclear in what capacity he will return. Allen & Overy partner Geoff Simpson and Mark Hancock would step down from its board, though Mr. Hancock remains with the company as its chief commercial officer. The company confirmed it is expected to shed staff in coming months in the wake of the capital spending cuts. The company not sure exactly of the numbers, and that will happen progressively over a couple of months because it will shut down that work at sensible places to stop it.

Fortescue Metals Group Limited Provides Capital Expenditure and Production Guidance for the Year 2015

Fortescue Metals Group Limited provided capital expenditure and production guidance for the year 2015. For the year, the company continues its outstanding operational performance and has revised its projected total capital expenditure to $650 million down from previous guidance of $1.3 billion. The production guidance is maintained at 155 million to 160 million tonnes shipped with a continued focus on maximising production through Fortescue's existing mines and infrastructure.

 

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FSUGY

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Valuation FSUGY Industry Range
Price/Earnings 2.3x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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