|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 (17.61%)|
|Ex-dividend date||08 Sep 2021|
|1y target est||N/A|
(Reuters) -Fortescue Metals Group Ltd said on Friday Elizabeth Gaines will step down as chief executive as the miner extends its transition from a pure play iron ore producer to a green energy and resources firm. Gaines, who oversaw a tripling in the share price of the world's fourth-biggest iron ore miner in the past four years, will remain on Fortescue's board as a non-executive director and assist in the search for the new CEO. The move comes as Fortescue's chairman and Australia's richest man, Andrew Forrest, pushes to turn the company into the world's biggest green energy group, with a focus on hydrogen at its green power arm, Fortescue Future Industries (FFI).
Global push for green steel could hit Australia’s $150bn iron ore exports if miners don’t adapt, report finds. Cheap renewable energy could see industry upgrade iron ore production and lure steelmaking onshore, expert says
Vale S.A (VALE) lowers the top end of its 2021 iron ore production guidance to 320 million tons from 335 million tons, while maintaining the lower end at 315 million tons.