Today: 29 April 2026
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ASX:FMG.AX 7 January 2026 - 3 March 2026

Fortescue share price sinks 4.5% as iron ore turns choppy and China’s policy week looms

Fortescue share price sinks 4.5% as iron ore turns choppy and China’s policy week looms

Fortescue shares fell 4.49% to A$19.58 at Tuesday’s close, underperforming BHP and Rio Tinto. Iron ore prices slipped, with the Singapore benchmark down 0.41% to $98.85 a tonne. Investors are watching China’s factory PMI due March 4 and Beijing’s policy targets set for March 5. Shipping disruptions near the Strait of Hormuz and weak Chinese steel demand weighed on sentiment.
3 March 2026
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Fortescue stock: Australia Day pause leaves FMG investors watching China iron ore talks

Fortescue stock: Australia Day pause leaves FMG investors watching China iron ore talks

Fortescue shares closed at A$21.51 Friday and will resume trading Tuesday after the Australia Day holiday. The stock is down 5.7% for the week, pressured by a cost update and ongoing contract tensions between major miners and China’s state buyer. Fortescue reported hematite C1 unit costs up 5% to $19.10 per tonne and held $4.7 billion in cash at December’s end. Half-year results are due Feb. 25.
26 January 2026
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Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue shares rose 1.7% to A$22.64, rebounding ahead of its December production report due Thursday. The ASX 200 slipped 0.4%, but materials gained 2.7% on miner strength. Iron ore futures fell after weak China property data, while a fatal blast at a Chinese steel plant raised supply concerns. BHP agreed to lower some iron ore prices in ongoing talks with China Mineral Resources Group.
21 January 2026
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Fortescue share price rises as FMG kicks off Pilbara wind farm build, eyes Jan 22 output report

Fortescue share price rises as FMG kicks off Pilbara wind farm build, eyes Jan 22 output report

Fortescue shares closed up 0.3% at A$22.82 after the company began construction of its first wind project in Western Australia’s Pilbara. The 133-megawatt Nullagine Wind Project will use 17 turbines to help electrify mining operations. Investors await Fortescue’s December quarter production report, due January 22. China’s record iron ore imports and rising global supply continue to influence prices.
16 January 2026
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Fortescue stock pulls back from near 52-week high as iron ore rallies — what investors watch next

Fortescue stock pulls back from near 52-week high as iron ore rallies — what investors watch next

Fortescue Ltd shares slipped 0.18% to A$22.80 at Wednesday’s close, retreating from near a 52-week high as iron ore futures hit a five-month peak on strong Chinese steel demand. Australia’s CPI eased to 3.4% in November, tempering rate-hike bets. Investors await Fortescue’s December-quarter production report on Jan 22. The Reserve Bank of Australia next meets Feb. 2–3.
7 January 2026
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Stock Market Today

  • Scotia Raises Target Price for iA Financial Shares to C$183
    April 29, 2026, 5:36 PM EDT. Scotia boosted its price target for iA Financial (TSE:IAG) to C$183, signaling a 5% upside from current levels. Other analysts showed mixed views: TD favored a buy rating with a C$193 target, while Canadian Imperial Bank of Commerce downgraded to hold. iA Financial trades near C$174 with a market cap of C$15.82 billion and a P/E ratio of 15.43. The company reported a Q4 EPS of C$3.10 on C$3.23 billion revenue. Insider purchases including 1,000 shares by Ric Jobin and 6,000 by director Denis Ricard suggest confidence. The stock's consensus rating remains hold with a target of C$180, amid a one-year trading range of C$129.24 to C$182.99.

Latest article

Carvana Stock Jumps After Record Q1 Revenue, Profit Beat Wall Street Estimates

Carvana Stock Jumps After Record Q1 Revenue, Profit Beat Wall Street Estimates

29 April 2026
Carvana posted record first-quarter revenue of $6.43 billion, up 52% from a year earlier, and sold 187,393 retail vehicles, a 40% increase. Net income rose to $405 million. Shares climbed about 10% in after-hours trading. Adjusted EBITDA margin slipped to 10.4% from 11.5%, and gross profit per retail unit also declined.
Nebius Stock Jumps as Meta’s AI Spending Reset Puts $27 Billion Deal in Focus

Nebius Stock Jumps as Meta’s AI Spending Reset Puts $27 Billion Deal in Focus

29 April 2026
Nebius Group N.V. shares rose 5.3% to $142.73 Wednesday as Meta Platforms raised its 2026 capital spending forecast by up to $10 billion, citing higher data center costs. Nebius has a contract to supply Meta with up to $27 billion in AI cloud capacity. Fourth-quarter 2025 revenue jumped 547% to $227.7 million, but the company reported a net loss of $249.6 million.
Phillips 66 Stock Jumps as Surprise Profit Shows Refining Margins Are Back in Focus

Phillips 66 Stock Jumps as Surprise Profit Shows Refining Margins Are Back in Focus

29 April 2026
Phillips 66 reported an adjusted first-quarter profit of $200 million, or 49 cents per share, beating analyst forecasts of a loss. Strong refining margins and 95% plant utilization offset $839 million in hedge-related losses. Shares rose over 6% after the results. The company also completed its acquisition of Lindsey Oil Refinery assets in the UK.
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