Fortescue Shares Tipped to Slip After Minor Profit Miss -- Market Talk

Dow Jones
08/26

2336 GMT - Expect a small negative reaction for Fortescue's stock today after a minor miss on FY profit, RBC Capital Markets analyst Kaan Peker says in a note. The miner's annual net profit of US$3.37 billion falls short of a consensus estimate of US$3.49 billion. RBC is also disappointed by Fortescue's final dividend, Peker says. "With FMG finishing FY25 with a strong balance sheet, posting a net debt of US$1.1 billion (as reported in 4Q), we had thought there could be upside to the dividend, but this hasn't come through," says Peker. Fortescue's A$0.60 final dividend compares to consensus expectations of A$0.602. RBC expected A$0.63. RBC has an outperform rating and A$20.00 target on Fortescue. The stock last traded at A$20.00.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

August 25, 2025 19:36 ET (23:36 GMT)

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