Are These 2 Iron Ore Stocks Having Great Potential – BHP And FMG

Are These 2 Iron Ore Stocks Having Great Potential - BHP And FMG

BHP Group Limited

The Melbourne-based BHP Group (ASX: BHP) is engaged in the exploration, acquisition, development, and commercialization of natural resources such as oil and gas; mining of copper, silver, lead, zinc, molybdenum, gold, iron, uranium along with metallurgical and energy coal worldwide.  Besides, it also provides other services like smelting, refining of nickel, freight, finance, amongst many other allied services.

BHP Group has a massive market capitalization of AUD111.77 billion along with approximately 2.95 billion volume of shares outstanding. With the close of the market trading on February 21st, 2019, the last sell-off price for the BHP stock stood at AUD 37.850, down 0.237%, indicating an intra-day loss of AUD 0.090. The stock price of late is quite close to the 52-week high of AUD 38.200. Around 9.32 billion volume of shares were traded in total.

In hindsight, the price movement analysis reflects a reasonably good stock performance over the last couple of months with a sustained positive return yield. The three-month return stood at 21.05%, the six-month return was at 19.29%, and a YTD return so far at 17.49. The stock price exhibits an uptrend since the onset of the new year.

Also, as per the company’s recently released Half-yearly results for the period ended December 31st, 2018 (1H FY2019), the attributable profit was posted at USD 3.8 billion, and the underlying attributable profit was at USD 3.7 billion, down 8% on the prior period.  Moreover, the underlying EBITDA was posted at USD 10.5 billion at a margin of 52% from continuing operations. The company also reported a maximized net operating cash flow of USD 6.7 billion and free cash flow of USD 3.6 billion from continuing operations. The net debt was reduced by USD 1.0 billion to USD 9.9 billion relative to the preceding half year.

Fortescue Metals Group Ltd

The East Perth, Australia-based Fortescue Metals Group Limited (ASX: FMG) is another company from the metals and mining industry and explores, develops, processes and commercializes iron ore across various countries including China, Australia, and others.

Fortescue Metals is also a large-cap on the ASX with AUD 20.6 billion of market capitalization and approximately 3.08 billion outstanding shares. At the close of the market trading on February 21st, 2019, the FMG stock’s last sell-off price stood at AUD 6.410, down 4.185%, indicating an intra-day fall of AUD 0.280. However, the trending stock price is quite close to the 52-week high of AUD 6.830. Around 25.51 million volume of shares were traded in total.

Besides, the past price movement depicts a good performance over the past year. The stock has generated a three-month return yield of 63.97%, the six-month return yield of 57.04% as well as an impressive YTD return of 61.20%.

The company recently released its Half-yearly results for the period ended December 31st, 2018 (1H FY2019), posting the net profit after tax at USD 644 million and underlying EBITDA at USD 1.6 billion. Besides, the company net debt stood at USD 3.0 billion, including USD 962 million cash in hand at the end of the period. Fully franked dividends paid out to the shareholders amounted to a total of AUD 0.30 per share.

Market analysts are keeping a close eye on these large-cap mining stocks.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Top 25 Dividend Stocks To Consider

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here