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Fortescue, one of the world's biggest iron-ore miners held guidance steady for shipments for the 12 months through June, but said the outlook hinged on securing a deal with China Mineral Resources Group.

BHP Group Ltd (LSE:BHP, ASX:BHP), Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Fortescue Ltd (ASX:FMG) shares have fallen to multi-month lows as weaker iron ore prices, concerns over global capital expenditure and softer earnings expectations put pressure on Australia's major miners. BHP was down 1% to $57.92 after falling as much as 1.5% to a three-month low of $57.69, bringing the stock within touching distance…

Fortescue Ltd (OTCMKTS:FSUMF - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $13.81 and traded as low as $11.45. Fortescue shares last traded at $11.55, with a volume of 350,361 shares trading hands. Analysts Set New

Fortescue delivered robust FY2026 cash flows, with 246Mt ore mined and a 9% revenue increase to nearly US$97B. FSUMF generated US$3.8B in free cash flow and declared a full-year A$1.08 dividend, yielding 6.1% with a 65% payout ratio. The balance sheet remains strong, with US$5.07B cash and net debt just over US$230M despite heavy dividend payouts.

Australian miner Fortescue posted ​a 5% drop ‌in fourth-quarter iron ore shipments on ​Friday, hurt ​by subdued performance at ⁠Hematite operations.