- Fortescue reported iron ore shipments totaling 46.1 million tons in the third quarter.
- The average revenue per dry metric ton (dmt) for Pilbara Hematite is reported to be $87.41.
- The company mined a total of 55.5 million tons of ore during this period.
- Fortescue’s cash balance stands at $3.3 billion.
- The company’s net debt is reported at $2.1 billion.
- The C1 cost per wet metric ton (wmt) for Pilbara Hematite is $17.53.
- Fortescue maintains its forecast for metals capital expenditure between $3.5 billion and $3.8 billion for the year.
- The forecast for Pilbara Hematite C1 cost per wmt remains between $18.50 and $19.75.
- There are 4 buy ratings, 12 hold ratings, and 2 sell ratings from analysts on Fortescue.
A look at Fortescue Metals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fortescue Metals Group Ltd., a global player in iron ore exploration and production, appears to be in a favorable position for long-term growth as per Smartkarma’s Smart Scores assessment. With a solid score of 5 in the Dividend category, investors can expect attractive returns in the form of dividends. Additionally, the company demonstrates resilience with a score of 4, indicating its ability to weather economic uncertainties. However, there are areas for potential improvement, as seen in the lower Momentum score of 2. Despite this, Fortescue Metals presents a reliable investment opportunity with its balanced scores across various factors.
The overall outlook for Fortescue Metals looks promising based on the Smartkarma Smart Scores analysis. While the company scores well in Dividend and Resilience, areas such as Momentum could benefit from enhancements to boost its long-term performance. Investors seeking a stable investment with strong dividend potential and a resilient business model may find Fortescue Metals an appealing choice for their portfolio. With a global presence in iron ore exploration and production, Fortescue Metals Group Ltd. is positioned to capitalize on opportunities in the industry and deliver value to shareholders over the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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