|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.74 - 31.10|
|52 Week Range||20.40 - 41.35|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||4.48|
|Forward Dividend & Yield||5.26 (17.14%)|
|Ex-Dividend Date||Sep. 08, 2021|
|1y Target Est||N/A|
Most readers would already be aware that Fortescue Metals Group's (ASX:FMG) stock increased significantly by 33% over...
Fortescue Metals Group said on Wednesday it had entered an agreement with the Gabon government to study the development of an iron ore project in the West African country. The Belinga iron ore project, located in the northeast of Gabon, has been progressively assessed by Fortescue since 2018 and is potentially one of the world's largest undeveloped, high-grade hematite deposits. The agreement will include a 36-month exclusivity period over the 5,500 square kilometre area, with Fortescue to create a Gabon mining company, owned 80% by Fortescue, to hold the tenure over the project. "Fortescue is pursuing global opportunities in iron ore that align with our strategy and expertise," Chief Executive Officer Elizabeth Gaines said in a statement.
Fortescue Metals Group Ltd said on Friday its Chief Executive Officer Elizabeth Gaines would transition out of the top job, as the miner moves from a pure play iron ore producer to a diversified renewable energy and resources company. Gaines, who has led the Australian company for the last four years, will remain on Fortescue's board as a non-executive director and assist in the search for her successor, the company said. Fortescue's board has started a global search to identify a new CEO and other leaders with "global experience across heavy industry, manufacturing, and renewable energy," it said in a statement.