Fortescue Metals Group Limited (FMG) Report Analysis
Corporate Events
Fortescue Metals Group Limited Announces Partnership with Liebherr to Supply Green Mining Haul Trucks Incorporating Fortescue's Proprietary-Owned Zero Emission Power System
2022-06-15 06:34:00
Fortescue Metals Group Ltd. announced a partnership with multi- national equipment manufacturer Liebherr for the development and supply of green mining haul trucks for integration with the zero emission power system technologies being developed by Fortescue Future Industries (FFI) and Williams Advanced Engineering (WAE). This is a major step towards transitioning Fortescue's diesel mining fleet to a green mining fleet before 2030 and accelerates the opportunity to commercialise zero emission power system technologies in heavy industry applications. The agreement advances the decarbonisation of Fortescue's mobile fleet through this partnership with one of the world's leading manufacturers of mining equipment. Utilising WAE's unique proprietary technology and expertise in high-performance battery systems, the partnership secures a pathway for Fortescue to become a zero emission power system supplier to a tier one original equipment manufacturer and accelerates technology commercialisation. Under the partnership, Fortescue will purchase a fleet of 120 haul trucks from Liebherr, with delivery aligned to its fleet replacement and sustaining capital expenditure forecast. The commitment represents approximately 45% of the current haul truck fleet at Fortescue's operations. Truck haulage consumed approximately 200 million litres of diesel in FY21 and accounted for 26% of Fortescue's Scope 1 emissions. The phased supply of haul trucks is anticipated to commence following a two year joint development period enabling the development and integration of Fortescue's proprietary-owned power system into Liebherr's proprietary-owned base truck. Liebherr will supply mining haul trucks to Fortescue in both battery electric truck and fuel cell electric truck configurations, in accordance with Fortescue's requirements. The first of the zero emission haul units will be fully operational within Fortescue mine sites by 2025, with the further aim of having the units available for commercial sale from that time.
Fortescue Metals Group Ltd Announces Executive Changes
2022-05-17 22:23:00
Fortescue Metals Group Ltd. announced it will transition to a truly global company and restructure the organisation to have both the CEO of Fortescue and the CEO of Fortescue Future Industries (FFI) reporting directly to the Board. Dr. Andrew Forrest AO will be appointed Executive Chairman of the Fortescue Group, specifically overseeing the iron ore business for an interim period to help drive the company's transition when Elizabeth Gaines concludes her highly successful tenure in August 2022. Elizabeth Gaines will remain on the Fortescue Board as a Non-Executive Director and become Global Brand Ambassador for FFI. Further, Fortescue announces Dr. Mark Hutchinson, former President and CEO of General Electric (GE) Europe, will join FFI in early July 2022, initially in the role of Director of Projects, before assuming the role of CEO of FFI, by the end of 2022. He held a number of very senior positions in GE, which was run by Jack Welch and later Jeff Immelt, during his 24 year tenure at GE. The current FFI CEO, Julie Shuttleworth, will continue in her role during the transition process and will then move to a senior executive leadership role at FI. Fortescue also announces Ms Li Yifei will be appointed as a Fortescue Board Director in 2022 She currently serves on the board of BlackRock China and is a Global Trustee of the Rockerfeller Foundation. Mr. Andrew Vesey, former CEO of AGL Energy, will be appointed as FFI's Head of Energy Transition Projects. Andrew has spent more than 40 years transforming and repositioning organizations by focusing on advanced technology and execution. Dr Jalal Bagherli will be appointed Co-Chair of Williams Advanced Engineering (WAE), along with Mr. Mark Barnaba AM the Deputy Chairman of Fortescue. Mr. Christiaan Heyning has been appointed as Head of Decarbonisation. Christiaan joins FFI from McKinsey where he was a founding partner of the Perth business. FFI's current Director of Projects Gordon Cowe, will take on the new role of Head of Projects Development.
Fortescue Metals Group Limited Presents at 24th Annual Macquarie Australia Conference, May-04-2022
2022-05-04 19:09:00
Fortescue Metals Group Limited Presents at 24th Annual Macquarie Australia Conference, May-04-2022 . Speakers: Elizabeth Anne Gaines, CEO, MD & Executive Director.
Macquarie Group Limited, 24th Annual Macquarie Australia Conference, May 03, 2022
2022-04-27 16:15:00
Macquarie Group Limited, 24th Annual Macquarie Australia Conference, May 03, 2022.
Fortescue Metals Group Limited has completed a Fixed-Income Offering in the amount of $700 million.
2022-04-06 00:00:00
Fortescue Metals Group Limited has completed a Fixed-Income Offering in the amount of $700 million. Security Name: 5.875% Senior Unsecured Conventional Notes due April 15, 2030 Security Type: Corporate Bond/Note (Convertible) Principal Amount: $700 million Price\Range: 100% Security Features: Attached Guarantees/Guaranteed; Convertible; EuroBonds; Eurodollar bonds; High Yield; Senior; Unsecured Coupon Type: Fixed Transaction Features: Regulation S; Rule 144A
Fortescue Metals Group Limited has completed a Fixed-Income Offering in the amount of $800 million.
2022-04-06 00:00:00
Fortescue Metals Group Limited has completed a Fixed-Income Offering in the amount of $800 million. Security Name: 6.125% Senior Unsecured Green Notes due April 15, 2032 Security Type: Corporate Bond/Note (Convertible) Principal Amount: $800 million Price\Range: 100% Security Features: Attached Guarantees/Guaranteed; Climate Bonds/Green Bonds; Convertible; EuroBonds; Eurodollar bonds; High Yield; Senior; Unsecured Coupon Type: Fixed Transaction Features: Regulation S; Rule 144A
Tranche Update on Fortescue Metals Group Limited (ASX:FMG)'s Equity Buyback Plan announced on October 11, 2018.
2022-02-16 09:30:00
From July 1, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for AUD 0 million. With this, the company has completed the repurchase of 34,833,233 shares, representing 1.13% for AUD 139.23 million under the buyback announced on October 11, 2018.
Fortescue Metals Group Limited Announces Exclusivity Period to Study the Belinga Iron Ore Project
2021-12-15 00:14:00
Fortescue Metals Group Ltd. advised that it has entered into an agreement with the Government of the Republic of Gabon to study the opportunity to develop the Belinga Iron Ore Project in Gabon, West Africa. The agreement comprises a 36 month exclusivity period over an area totalling approximately 5,500 square kilometres to study and negotiate a Mining Convention for the development of the Belinga Iron Ore Project. A separate Gabon mining company will be established to enter into the Mining Convention and to hold the mining tenure over the Belinga Iron Ore Project. The mining company will be established by an incorporated joint venture which will be owned 80% by Fortescue and 20% by the Africa Transformation and Industrialisation Fund, an Africa-focused investment fund incorporated in Abu Dhabi. The joint venture will initially focus on exploration works to determine the potential size and grade of the Belinga iron ore deposit and logistics solutions during the 36 month exclusivity period.
Fortescue Metals Group Limited to Report Q3, 2022 Operating Results on Apr 28, 2022
2021-12-10 01:22:00
Fortescue Metals Group Limited announced that they will report Q3, 2022 operating results on Apr 28, 2022
Fortescue Metals Group Limited Approves to Amend Constitution
2021-11-09 21:23:00
Fortescue Metals Group Limited at its AGM, held on 9 November, 2021, approved to amend company's constitution.
Fortescue Metals Group Limited Presents at Global Metals and Mining Conference 2021, Nov-18-2021 08:00 AM
2021-11-06 05:33:00
Fortescue Metals Group Limited Presents at Global Metals and Mining Conference 2021, Nov-18-2021 08:00 AM. Speakers: Ian Wells, Chief Financial Officer.
The Goldman Sachs Group, Inc., Global Metals and Mining Conference 2021, Nov 17, 2021 through Nov 18, 2021
2021-11-05 18:43:00
The Goldman Sachs Group, Inc., Global Metals and Mining Conference 2021, Nov 17, 2021 through Nov 18, 2021.
Fortescue Metals Group Limited Presents at BloombergNEF Summit 2021, Oct-18-2021 09:45 AM
2021-10-15 13:25:00
Fortescue Metals Group Limited Presents at BloombergNEF Summit 2021, Oct-18-2021 09:45 AM. Venue: Intercontinental Hotel Park Lane, One Hamilton Place, Park Lane, London, United Kingdom. Speakers: John Andrew Henry Forrest, Founder & Chairman of the Board.
New Energy Finance Limited, BloombergNEF Summit 2021, Oct 18, 2021 through Oct 19, 2021
2021-10-15 12:03:00
New Energy Finance Limited, BloombergNEF Summit 2021, Oct 18, 2021 through Oct 19, 2021. Venue: Intercontinental Hotel Park Lane, One Hamilton Place, Park Lane, London, United Kingdom.
Fortescue Metals Group Ltd Updates Regarding the Progressive Resumption of Operations At the Solomon Hub
2021-10-01 07:39:00
Fortescue Metals Group Ltd. advised that operations at its Solomon Hub are progressively resuming following the temporary suspension of mining and processing activity on 30 September 2021 as a result of the fatality of David Armstrong, a much loved and respected member of the Fortescue family. Ore processing activity has recommenced and mining activity is progressively resuming. Fortescue continues to work closely with all relevant authorities on the incident investigation. The health, safety and wellbeing of all Fortescue team members is the company's highest priority. A range of support services are available across all sites, including the Fortescue Chaplains andEmployee Assistance Program and assistance is being provided to Solomon operations team members to support them during this difficult time.
Fortescue Metals Group Limited Presents at Reuters IMPACT 2021, Oct-04-2021 02:20 PM
2021-10-01 01:15:00
Fortescue Metals Group Limited Presents at Reuters IMPACT 2021, Oct-04-2021 02:20 PM. Speakers: John Andrew Henry Forrest, Founder & Chairman of the Board.
Fortescue Metals Group Limited Announces Executive Appointments
2021-09-22 22:54:00
Fortescue Metals Group Limited announced executive appointments. Dino Otranto has been appointed Chief Operating Officer Iron Ore, joining Fortescue from Vale in Canada where he held the position of Chief Operating Officer for Vale's Base Metals North Atlantic operations and prior to that the role of Chief Technology Officer. Warren Fish joined Fortescue as Director Aboriginal Engagement, Community, Environment and Government.
Fortescue Metals Group Ltd and Members of Wintawari Guruma Aboriginal Corporation Announces Co-Management Framework
2021-09-15 23:27:00
Fortescue Metals Group Ltd. and members of Wintawari Guruma Aboriginal Corporation (Wintawari), the prescribed body corporate for the Eastern Guruma People, have established a co-management framework to oversee the development of new mines at Fortescue's Solomon Hub operations. Under the innovative framework, both parties will establish a culturally safe mining joint venture to mine the East and West Queens deposits on Eastern Guruma country. The 10-year mining services contract to be awarded to the new joint venture is estimated to be worth over AUD 500 million, making the contract the largest ever awarded to an Aboriginal business by Fortescue. A working group will be formed to collaboratively work together on all stages of the mine development from heritage and environmental approvals, resource drilling and definition and mine planning to operations and rehabilitation.
Fortescue Metals Group Limited Presents at 2021 Precious Metals Summit Beaver Creek, Sep-08-2021
2021-09-05 02:51:00
Fortescue Metals Group Limited Presents at 2021 Precious Metals Summit Beaver Creek, Sep-08-2021 . Venue: Park Hyatt Beaver Creek, Beaver Creek, Colorado, United States.
Fortescue Metals Group Limited Proposes to Amend the Company's Constitution
2021-08-31 22:11:00
Fortescue Metals Group Limited proposed to amend the company's constitution at the to be held AGM on 9 November 2021.
Tranche Update on Fortescue Metals Group Limited (ASX:FMG)'s Equity Buyback Plan announced on October 11, 2018.
2021-08-30 08:38:00
From January 1, 2021 to June 30, 2021, the company has repurchased 0 shares, representing 0% for AUD 0 million. With this, the company has completed the repurchase of 34,833,233 shares, representing 1.13% for AUD 139.23 million under the buyback announced on October 11, 2018.
Fortescue Metals Group Limited, 2.11 (AUD), Cash Dividend, Sep-06-2021
2021-08-30 00:00:00
Fortescue Metals Group Limited, 2.11 (AUD), Cash Dividend, Sep-06-2021
Fortescue Metals Group Limited, 2021 Earnings Call, Aug 30, 2021
2021-08-30 00:00:00
Fortescue Metals Group Limited, 2021 Earnings Call, Aug 30, 2021
Fortescue Metals Group Limited Declares Fully Franked Final Dividend, Payable on 30 September 2021
2021-08-29 22:38:00
The Board of Fortescue Metals Group Limited has declared a fully franked final dividend of AUD 2.11 per share. The ex-dividend date is 6 September 2021 and the dividend will be paid to shareholders on 30 September 2021.
Fortescue Metals Group Limited Provides Mineral Resources and Ore Reserves Update
2021-08-27 06:16:00
Fortescue Metals Group Ltd. presents the attached Mineral Resources and Ore Reserves statements for its Operating and Development Properties as at 30 June 2021. Ore deposit types include Bedded Iron (BID), Channel Iron (CID) and Detrital Iron (DID) mineralization. The magnetite properties refer to the Iron Bridge Magnetite Project. Fortescue's hematite Ore Reserves at 30 June 2021 is estimated to consist of 2,082 million tonnes (mt) at 57.4% Fe of dry product, a decrease of 165mt compared to the Ore Reserve estimate at 30 June 2020. This decrease is broadly in line with depletion due to production for the financial year. As at 30 June 2021, the Mineral Resources for the Operating Properties (Chichester, Solomon and Western Hubs, including Flying Fish) is estimated to be 5,367mt at an average Fe grade of 56.3%, a decrease of 465mt over 30 June 2020. This was accompanied by a minor decrease in the proportion of higher confidence Measured and Indicated Mineral Resources from 70 per cent to 68 per cent. In-situ bulk densities at the Cloudbreak, Christmas Creek, Valley of Queens, Eliwana and the majority of the Flying Fish deposits have been revised following analysis of data from an extensive program of diamond drilling and downhole geophysical data. These revisions account for the bulk of the 465mt decrease in Mineral Resources. As at 30 June 2021, the Mineral Resources for the Development Properties is estimated to be 8,296mt at an average Fe grade of 57.0%. Updates have been completed for deposits in the Greater Western and Pilbara Other Hubs as a result of exploration drilling, with an overall increase of 236mt compared to 30 June 2020. Updated estimates have been produced for the Elevation and Farquhar deposits within the Greater Western Hub and the Flying Fish Marra Mamba deposit has been transferred to the operating properties, leading to an overall decrease of 118mt. A Mineral Resource estimate has been produced for the new Mindy South deposit to add 279mt. An updated Mineral Resource estimate has also been produced for the Wonmunna deposit to add 75mt. Mindy South and Wonmunna are reported in the Pilbara Other Hub. The additional tonnes include high grade BID in the Brockman and Marra Mamba Iron Formations, along with some CID and DID mineralization.
Fortescue Metals Group Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 03:30 PM
2021-06-30 19:09:00
Fortescue Metals Group Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 03:30 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Elizabeth Anne Gaines, CEO, MD & Executive Director.
Reuters Events, Reuters IMPACT 2021, Oct 04, 2021 through Oct 07, 2021
2021-06-30 15:10:00
Reuters Events, Reuters IMPACT 2021, Oct 04, 2021 through Oct 07, 2021.
Fundamental Summary
Looking at Fortescue Metals's financials of Q4 reflected unimpressive, mediocre results. The company's growth, value, and income factors all individually appear positive and give support for optimism regarding the likelihood of continued positive performance. We gave Fortescue Metals a 68 rating and a HOLD recommendation.
Fortescue Metals announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was USD 22,284 million compared to USD 12,820 million a year ago. Net income was USD 10,295 million compared to USD 4,735 million a year ago. Basic earnings per share from continuing operations was USD 3.346 compared to USD 1.539 a year ago. Diluted earnings per share from continuing operations was USD 3.333 compared to USD 1.532 a year ago.
Business Description
Fortescue Metals engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador and Argentina. Further, it provides port towage services. Fortescue Metals was incorporated in 1983 and is headquartered in East Perth, Australia.
Sector Overview
Fortescue Metals is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Fortescue Metals's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 58.4 | 26.2% | 75 | |
| Net Cashflow | -1,075.0 | -262.9% | 74 | |
| Capital Expenditure | -3,093.0 | -10.1% | 69 | |
| Asset Turnover | 0.8 | 24.0% | 74 | |
| Free Cashflow | 2.3 | 47.5% | 78 |
* All values are TTM
The below chart reflects Fortescue Metals's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Fortescue Metals's peer average final assessment score stands on 69.0, Fortescue Metals's score is 68.
- FMG
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Fortescue Metals's stock is now priced above its 5-day and 200-day, but below its 50-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Fortescue Metals's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.
5D MA
17.72
50D MA
20.04
200D MA
18.52
MACD
-0.72
RSI
3.94
STOCH
33.69
Balance Sheet Analysis
Two main balance sheet metrics are driving the positive outlook for Fortescue Metals's financial strength going forward. Fortescue Metals is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 9404.0, representing -0.7% change from the previous period. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 83. Also, Fortescue Metals publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 3.1 and represents a -15.9% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. Consequently, their book value factors movement received a grade of 69. However, one discouraging result, Cash & Equivalents, stood out. Fortescue Metals's management did a relatively poor job managing cash and cash equivalents, which now sit at 2899.0 and represents a -27.1% change from the last reporting period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Its cash and cash equivalents movement, therefore, received a grade of 55. Therefore, it received a score of 65.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 25,184.0 | 2.9% | 66 |
| Liabilities | 9,404.0 | -0.7% | 83 |
| Price to Book | 3.1 | -15.9% | 69 |
| Cash & Equivalents | 2,899.0 | -27.1% | 55 |
| Equity | 15,772.0 | 5.2% | 68 |
The below chart describes Fortescue Metals's performance as reflected on its balance sheet with respect to its peers. While Fortescue Metals received a balance sheet score of 65, the average of its peers stands on 70.0.
- FMG
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 74 | 92 | 47 | 52 | 76 | 58 | 0 | 1 |
| Newcrest Mining Limited | 19.4B | 85 | 72 | 46 | 46 | 73 | 52 | 1 | 1 |
| South32 Limited | 18.7B | 74 | 73 | 80 | 79 | 74 | 84 | 2 | 1 |
| Mineral Resources Limited | 9.2B | 83 | 73 | 52 | 42 | 90 | 55 | 3 | 1 |
| Lynas Rare Earths Limited | 8.3B | 74 | 59 | 77 | 62 | 68 | 70 | 4 | 1 |
| Northern Star Resources Limited | 8.2B | 87 | 70 | 56 | 48 | 65 | 56 | 5 | 1 |
| IGO Limited | 7.8B | 43 | 37 | 80 | 42 | 63 | 50 | 6 | 1 |
| BlueScope Steel Limited | 7.3B | 64 | 75 | 87 | 90 | 68 | 85 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 59 | 81 | 87 | 56 | 86 | 8 | 1 |
| Allkem Limited | 6.9B | 53 | 64 | 44 | 65 | 89 | 57 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 87 | 72 | 72 | 69 | 72 | 74 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 47 | 57 | 76 | 96 | 54 | 82 | 11 | 1 |
| Alumina Limited | 4.4B | 51 | 69 | 50 | 46 | 84 | 50 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 81 | 62 | 51 | 97 | 87 | 84 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 76 | 66 | 87 | 69 | 53 | 77 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 70 | 37 | 60 | 97 | 92 | 86 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 44 | 56 | 87 | 85 | 71 | 83 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 41 | 44 | 72 | 50 | 70 | 54 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 99 | 56 | 82 | 98 | 66 | 95 | 18 | 1 |
| Sims Limited | 2.7B | 85 | 72 | 83 | 49 | 57 | 68 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 80 | 69 | 68 | 76 | 73 | 77 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 43 | 55 | 82 | 97 | 37 | 81 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 81 | 70 | 73 | 82 | 66 | 81 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 99 | 79 | 61 | 75 | 68 | 77 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 41 | 64 | 87 | 87 | 73 | 82 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 37 | 55 | 82 | 94 | 66 | 83 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 98 | 78 | 39 | 46 | 89 | 54 | 26 | 1 |
| Grange Resources Limited | 1.5B | 54 | 70 | 51 | 71 | 92 | 65 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 69 | 59 | 81 | 91 | 65 | 86 | 28 | 1 |
| West African Resources Limited | 1.3B | 92 | 56 | 81 | 92 | 42 | 87 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 69 | 62 | 62 | 71 | 57 | 66 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 49 | 79 | 69 | 48 | 66 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 83 | 72 | 56 | 65 | 60 | 64 | 32 | 1 |
| Lake Resources NL | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 34 | 1 |
| Regis Resources Limited | 1.1B | 77 | 74 | 51 | 48 | 63 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 97 | 54 | 82 | 97 | 39 | 88 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 44 | 83 | 54 | 45 | 37 | 47 | 37 | 1 |
| ioneer Ltd | 867.9M | 98 | 56 | 80 | 86 | 52 | 85 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 63 | 75 | 38 | 46 | 94 | 49 | 39 | 1 |
| Equigold NL | 854.0M | 57 | 46 | 86 | 50 | 45 | 50 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 67 | 41 | 78 | 48 | 49 | 56 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 39 | 53 | 80 | 74 | 41 | 67 | 42 | 1 |
| Jervois Global Limited | 813.1M | 71 | 71 | 44 | 94 | 95 | 78 | 43 | 1 |
| Mincor Resources NL | 808.9M | 83 | 78 | 43 | 62 | 56 | 62 | 44 | 1 |
| Imdex Limited | 796.9M | 59 | 69 | 83 | 61 | 75 | 71 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 96 | 56 | 81 | 87 | 42 | 84 | 46 | 1 |
| St Barbara Limited | 701.5M | 80 | 69 | 51 | 49 | 61 | 53 | 47 | 1 |
| Emerald Resources NL | 679.4M | 51 | 58 | 80 | 51 | 57 | 60 | 48 | 1 |
| Red 5 Limited | 671.6M | 49 | 45 | 39 | 55 | 96 | 47 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 85 | 79 | 39 | 60 | 87 | 60 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 94 | 76 | 39 | 41 | 74 | 48 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 77 | 65 | 55 | 47 | 73 | 54 | 52 | 1 |
| OM Holdings Limited | 563.6M | 84 | 69 | 84 | 81 | 50 | 84 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 44 | 69 | 55 | 46 | 84 | 51 | 54 | 1 |
| Neometals Ltd | 531.9M | 97 | 77 | 46 | 50 | 97 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 78 | 74 | 55 | 64 | 78 | 66 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 78 | 74 | 55 | 64 | 78 | 66 | 57 | 1 |
| Perenti Global Limited | 461.4M | 68 | 71 | 51 | 61 | 74 | 60 | 58 | 1 |
| Champion Iron Limited | 441.1M | 66 | 49 | 73 | 47 | 67 | 58 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 78 | 75 | 43 | 58 | 85 | 58 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 75 | 72 | 56 | 67 | 67 | 65 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 45 | 56 | 83 | 88 | 40 | 78 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 78 | 74 | 55 | 64 | 78 | 66 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 78 | 74 | 55 | 64 | 78 | 66 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 63 | 93 | 46 | 52 | 80 | 66 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 78 | 74 | 55 | 64 | 78 | 66 | 66 | 1 |
| Talga Group Ltd | 359.9M | 90 | 78 | 38 | 45 | 95 | 53 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 86 | 73 | 58 | 67 | 82 | 71 | 68 | 1 |
| Metals X Limited | 344.8M | 90 | 77 | 50 | 67 | 80 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 78 | 74 | 55 | 64 | 78 | 66 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 85 | 69 | 59 | 60 | 72 | 65 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 47 | 61 | 72 | 78 | 44 | 68 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 78 | 74 | 55 | 64 | 78 | 66 | 73 | 1 |
| Firefinch Limited | 236.2M | 78 | 74 | 55 | 64 | 78 | 66 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 78 | 74 | 55 | 64 | 78 | 66 | 75 | 1 |
Income Statement Analysis
Fortescue Metals appears likely to maintain its strong income statement metrics and momentum going forward. Fortescue Metals reported impressive EBITDA this period. At filing, EBITDA was reported as 14483.0, representing 33.1% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Consequently, their EBITDA movement received a grade of 78. Also, Fortescue Metals's reported return on equity (ROE) ratio was 58.4, representing a change of 26.2%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 75. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Fortescue Metals's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 58. Therefore, it received a score of 67.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 14,483.0 | 33.1% | 78 |
| Total Revenues | 21,074.0 | 34.5% | 58 |
| Return on Equity | 58.4 | 26.2% | 75 |
The below chart describes Fortescue Metals's performance as reflected on its income statement with respect to its peers. While Fortescue Metals received a income statement score of 67 , the average of its peers stands on 68.0.
- FMG
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 64 | 79 | 79 | 71 | 0 | 1 |
| Newcrest Mining Limited | 19.4B | 95 | 45 | 48 | 66 | 1 | 1 |
| South32 Limited | 18.7B | 47 | 94 | 95 | 72 | 2 | 1 |
| Mineral Resources Limited | 9.2B | 94 | 42 | 44 | 63 | 3 | 1 |
| Lynas Rare Earths Limited | 8.3B | 50 | 91 | 83 | 69 | 4 | 1 |
| Northern Star Resources Limited | 8.2B | 48 | 66 | 68 | 56 | 5 | 1 |
| IGO Limited | 7.8B | 98 | 72 | 48 | 78 | 6 | 1 |
| BlueScope Steel Limited | 7.3B | 86 | 71 | 66 | 72 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 38 | 96 | 96 | 69 | 8 | 1 |
| Allkem Limited | 6.9B | 46 | 75 | 74 | 61 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 48 | 82 | 82 | 66 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 94 | 46 | 43 | 64 | 11 | 1 |
| Alumina Limited | 4.4B | 87 | 73 | 76 | 79 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 39 | 88 | 45 | 61 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 50 | 62 | 89 | 60 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 37 | 89 | 91 | 97 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 39 | 98 | 97 | 74 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 66 | 61 | 55 | 60 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 87 | 63 | 41 | 68 | 18 | 1 |
| Sims Limited | 2.7B | 45 | 90 | 92 | 69 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 94 | 50 | 52 | 68 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 87 | 78 | 91 | 84 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 42 | 88 | 83 | 65 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 45 | 83 | 66 | 61 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 64 | 73 | 74 | 69 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 87 | 47 | 81 | 70 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 99 | 65 | 76 | 81 | 26 | 1 |
| Grange Resources Limited | 1.5B | 74 | 61 | 61 | 64 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 37 | 98 | 97 | 69 | 28 | 1 |
| West African Resources Limited | 1.3B | 43 | 84 | 63 | 59 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 95 | 42 | 41 | 63 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 45 | 76 | 47 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 94 | 48 | 49 | 67 | 32 | 1 |
| Lake Resources NL | 1.2B | 87 | 62 | 66 | 73 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 87 | 62 | 66 | 73 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 50 | 45 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 87 | 63 | 68 | 77 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 74 | 37 | 56 | 58 | 37 | 1 |
| ioneer Ltd | 867.9M | 87 | 55 | 60 | 69 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 38 | 67 | 62 | 50 | 39 | 1 |
| Equigold NL | 854.0M | 79 | 44 | 91 | 65 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 94 | 51 | 48 | 68 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 87 | 67 | 84 | 78 | 42 | 1 |
| Jervois Global Limited | 813.1M | 37 | 94 | 93 | 71 | 43 | 1 |
| Mincor Resources NL | 808.9M | 98 | 57 | 59 | 77 | 44 | 1 |
| Imdex Limited | 796.9M | 77 | 60 | 56 | 56 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 87 | 44 | 83 | 69 | 46 | 1 |
| St Barbara Limited | 701.5M | 93 | 56 | 53 | 70 | 47 | 1 |
| Emerald Resources NL | 679.4M | 37 | 96 | 94 | 68 | 48 | 1 |
| Red 5 Limited | 671.6M | 95 | 58 | 66 | 75 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 93 | 58 | 67 | 74 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 99 | 62 | 66 | 78 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 84 | 58 | 43 | 65 | 52 | 1 |
| OM Holdings Limited | 563.6M | 50 | 96 | 97 | 75 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 91 | 62 | 66 | 74 | 54 | 1 |
| Neometals Ltd | 531.9M | 87 | 66 | 56 | 72 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 87 | 62 | 66 | 73 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 87 | 62 | 66 | 73 | 57 | 1 |
| Perenti Global Limited | 461.4M | 73 | 81 | 87 | 78 | 58 | 1 |
| Champion Iron Limited | 441.1M | 95 | 50 | 45 | 71 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 95 | 50 | 62 | 71 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 90 | 51 | 53 | 68 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 68 | 74 | 74 | 70 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 87 | 62 | 66 | 73 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 87 | 62 | 66 | 73 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 96 | 46 | 50 | 81 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 87 | 62 | 66 | 73 | 66 | 1 |
| Talga Group Ltd | 359.9M | 87 | 40 | 47 | 60 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 94 | 47 | 56 | 68 | 68 | 1 |
| Metals X Limited | 344.8M | 94 | 84 | 79 | 87 | 69 | 1 |
| Pantoro Limited | 330.8M | 87 | 62 | 66 | 73 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 68 | 58 | 49 | 58 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 88 | 51 | 48 | 65 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 87 | 62 | 66 | 73 | 73 | 1 |
| Firefinch Limited | 236.2M | 87 | 62 | 66 | 73 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 87 | 62 | 66 | 73 | 75 | 1 |
Cash Flow Analysis
Overall, Fortescue Metals's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Fortescue Metals did a great job related to free cash flow this period, which stood at 2.3, representing a 47.5% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 4.3%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. The company's free cash flow movement, therefore, received a grade of 78. Also, Fortescue Metals's strong net cash flow numbers, which were -1075.0 in this filing, showed a -262.9% change from the last period. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Hence, its net cash flow earned a score of 74. That said, one metric, Capital Expenditure, stood out as particularly concerning. Fortescue Metals's management was ineffective in materially improving CapEx, which now sits at -3093.0 and represents a -10.1% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 69. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 75.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -1,075.0 | -262.9% | 74 |
| Capital Expenditure | -3,093.0 | -10.1% | 69 |
| Asset Turnover | 0.8 | 24.0% | 74 |
| Free Cashflow | 2.3 | 47.5% | 78 |
The below chart describes Fortescue Metals's performance as reflected on its cash flow with respect to its peers. While Fortescue Metals received a cash flow score of 75, the average of its peers stands on 68.0.
- FMG
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 70 | 77 | 80 | 71 | 75 | 0 | 1 |
| Newcrest Mining Limited | 19.4B | 58 | 48 | 63 | 55 | 57 | 1 | 1 |
| South32 Limited | 18.7B | 72 | 86 | 82 | 75 | 78 | 2 | 1 |
| Mineral Resources Limited | 9.2B | 58 | 69 | 54 | 63 | 61 | 3 | 1 |
| Lynas Rare Earths Limited | 8.3B | 78 | 63 | 76 | 58 | 70 | 4 | 1 |
| Northern Star Resources Limited | 8.2B | 70 | 58 | 54 | 91 | 73 | 5 | 1 |
| IGO Limited | 7.8B | 80 | 73 | 66 | 57 | 72 | 6 | 1 |
| BlueScope Steel Limited | 7.3B | 48 | 47 | 56 | 70 | 52 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 97 | 76 | 78 | 86 | 8 | 1 |
| Allkem Limited | 6.9B | 75 | 77 | 70 | 84 | 82 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 69 | 97 | 66 | 73 | 78 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 54 | 49 | 61 | 39 | 50 | 11 | 1 |
| Alumina Limited | 4.4B | 68 | 74 | 76 | 70 | 72 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 49 | 86 | 84 | 39 | 50 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 75 | 84 | 52 | 74 | 74 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 40 | 55 | 56 | 37 | 41 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 77 | 86 | 53 | 93 | 81 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 75 | 63 | 76 | 61 | 70 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 60 | 69 | 76 | 37 | 58 | 18 | 1 |
| Sims Limited | 2.7B | 83 | 98 | 56 | 82 | 82 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 75 | 77 | 63 | 44 | 64 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 59 | 69 | 76 | 51 | 62 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 69 | 94 | 90 | 83 | 83 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 77 | 88 | 96 | 51 | 75 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 73 | 85 | 63 | 71 | 76 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 61 | 69 | 76 | 72 | 69 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 53 | 62 | 84 | 38 | 55 | 26 | 1 |
| Grange Resources Limited | 1.5B | 75 | 79 | 76 | 62 | 73 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 81 | 83 | 81 | 79 | 82 | 28 | 1 |
| West African Resources Limited | 1.3B | 73 | 84 | 42 | 58 | 66 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 63 | 53 | 64 | 47 | 58 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 80 | 69 | 76 | 61 | 73 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 57 | 57 | 54 | 50 | 56 | 32 | 1 |
| Lake Resources NL | 1.2B | 68 | 69 | 76 | 60 | 68 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 68 | 69 | 76 | 60 | 68 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 76 | 68 | 69 | 69 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 59 | 62 | 69 | 54 | 60 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 55 | 48 | 71 | 71 | 61 | 37 | 1 |
| ioneer Ltd | 867.9M | 47 | 57 | 54 | 51 | 51 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 59 | 58 | 43 | 98 | 69 | 39 | 1 |
| Equigold NL | 854.0M | 91 | 69 | 72 | 84 | 87 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 59 | 56 | 81 | 58 | 62 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 67 | 69 | 76 | 69 | 71 | 42 | 1 |
| Jervois Global Limited | 813.1M | 43 | 51 | 38 | 82 | 54 | 43 | 1 |
| Mincor Resources NL | 808.9M | 63 | 63 | 72 | 45 | 57 | 44 | 1 |
| Imdex Limited | 796.9M | 71 | 72 | 79 | 73 | 74 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 51 | 64 | 56 | 51 | 54 | 46 | 1 |
| St Barbara Limited | 701.5M | 54 | 46 | 71 | 55 | 56 | 47 | 1 |
| Emerald Resources NL | 679.4M | 84 | 81 | 80 | 81 | 84 | 48 | 1 |
| Red 5 Limited | 671.6M | 68 | 49 | 48 | 59 | 59 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 62 | 74 | 81 | 63 | 68 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 68 | 69 | 59 | 56 | 64 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 59 | 69 | 71 | 59 | 63 | 52 | 1 |
| OM Holdings Limited | 563.6M | 75 | 90 | 90 | 75 | 82 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 72 | 69 | 76 | 69 | 72 | 54 | 1 |
| Neometals Ltd | 531.9M | 62 | 54 | 71 | 52 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 68 | 69 | 76 | 60 | 68 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 68 | 69 | 76 | 60 | 68 | 57 | 1 |
| Perenti Global Limited | 461.4M | 61 | 69 | 54 | 78 | 67 | 58 | 1 |
| Champion Iron Limited | 441.1M | 56 | 69 | 51 | 49 | 55 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 69 | 69 | 79 | 54 | 67 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 65 | 68 | 74 | 57 | 67 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 69 | 58 | 68 | 71 | 68 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 68 | 69 | 76 | 60 | 68 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 68 | 69 | 76 | 60 | 68 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 51 | 51 | 84 | 44 | 50 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 68 | 69 | 76 | 60 | 68 | 66 | 1 |
| Talga Group Ltd | 359.9M | 53 | 48 | 76 | 70 | 62 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 62 | 54 | 76 | 49 | 60 | 68 | 1 |
| Metals X Limited | 344.8M | 70 | 81 | 72 | 55 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 68 | 69 | 76 | 60 | 68 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 72 | 58 | 54 | 49 | 60 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 72 | 53 | 46 | 57 | 62 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 68 | 69 | 76 | 60 | 68 | 73 | 1 |
| Firefinch Limited | 236.2M | 68 | 69 | 76 | 60 | 68 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 68 | 69 | 76 | 60 | 68 | 75 | 1 |
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