Solid track record with excellent balance sheet and pays a dividend. How has Fortescue Metals Group's share price performed over time and what events caused price changes? Stable Share Price: FMG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.Where are the mines of Fortescue Metals located?
The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges. The Solomon Hub is located in the Hamersley Ranges, and includes the Firetail and Kings Valley mines, which produce in excess of 70 million tons per annum (mtpa). Its Iron Bridge project is located over 145 kms south of Port Hedland.Why did Fortescue FPO increase its stock price?
Freeport's (FCX) Q1 earnings gain from higher realized prices and lower costs. Valmont's (VMI) Q1 earnings gain from higher volumes in the Utility Support Structures segment resulting from increasing demand for renewable energy generation and higher sales in the Irrigation unit.