Fortescue stock: Shipments fall 6 percent as Fortescue stock keeps guidance

Published on 10/22/2026 at 20:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shipments fell 6.00 percent to 46.80 million tonnes on October 22, 2026. Fortescue stock costs EUR 9.13 at Lang & Schwarz on October 22, 2026.

Shipments and guidance updated

Fortescue shipped 46.80 million tonnes in the September quarter on October 22, 2026.
Full-year shipment guidance remains 197.00 million to 207.00 million tonnes.
Fortescue stock costs EUR 9.13 at Lang & Schwarz on October 22, 2026 at 8:06 p.m. CEST.
Morgans cut its target from AUD 18.70 to AUD 15.40 on October 13, 2026.

Fortescue, AU000000FMG4, Illustration mit AI erstellt.

Fortescue's September-quarter shipments fell 6.00 percent year over year to 46.80 million tonnes, while full-year guidance stayed at 197.00 million to 207.00 million tonnes. Aktiencheck reported the figures on October 22, 2026. Fortescue stock was trading at EUR 9.13 at Lang & Schwarz on October 22, 2026 at 8:06 p.m. CEST.

Shipments miss the prior-year level

The shipment decline gives investors a clear operating comparison for the opening quarter of fiscal year 2027. The company shipped 46.80 million tonnes, 6.00 percent fewer than in the corresponding quarter of fiscal year 2026, while its full-year target remained unchanged at 197.00 million to 207.00 million tonnes.

The September-quarter update also kept attention on sales execution and negotiations with China Mineral Resources Group. The reported figures connect the quarterly volume with Fortescue's unchanged annual plan, rather than signaling a formal reduction in guidance.

Stock price and valuation

Fortescue's ASX listing last stood at AUD 14.57 on October 22, 2026 at 4:13 p.m. AEDT. The 52-week range was AUD 14.54 to AUD 23.38, placing the latest Australian price AUD 0.03 above the low and AUD 8.81 below the high. Trading volume reached 10,523,444 shares, while the market capitalization was AUD 44.9 billion and the price-to-earnings ratio was 11.00.

The euro quotation is materially lower than the Australian listing because it reflects the German venue and a separate trading currency. Fortescue's year-to-date move was minus 32.01 percent on the ASX, adding a longer-term measure to the one-day operating update.

Target remains above the ASX price

Morgans lowered its Fortescue target from AUD 18.70 to AUD 15.40 and cut its rating from Hold to Trim on October 13, 2026, according to Motley Fool Australia. The new target lies 5.70 percent above the ASX price of AUD 14.57. The broker cited weaker shipments, higher net debt and capital spending on magnetite and new energy projects.

Fortescue's latest full-year figures provide a counterweight to the weaker quarterly shipment figure. The company reported 201.30 million tonnes of shipments, underlying net profit after tax of USD 3.50 billion and free cash flow of USD 3.20 billion for fiscal year 2026, according to Fortescue.

Comparison with peers

Fortescue: down 4.52 percent on the ASX, P/E 11.00, market capitalization AUD 44.9 billion.

BHP: down 2.41 percent on the ASX, P/E 20.78, market capitalization AUD 290.4 billion.

Rio Tinto: down 1.47 percent on the ASX, P/E 11.38, market capitalization AUD 217.1 billion.

What comes next for investors

The immediate operating marker is the gap between the 46.80 million tonnes shipped in the September quarter and the 197.00 million to 207.00 million tonne full-year plan. The next quarterly update will determine whether the annual range still has sufficient operating support.

Fortescue stock was trading at EUR 9.13 at Lang & Schwarz on October 22, 2026 at 8:06 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Fortescue stock.