Fortescue Secures $2 Billion Loan
Fortescue, an Australian mining company, has secured a $2 billion loan to support its decarbonization initiatives.
The loan is intended to aid the company’s efforts in reducing its carbon footprint and transitioning to cleaner energy sources.
Company Performance
Fortescue’s stock price has fluctuated over the past year, reaching a 52-week high of 21.59 AUD on September 29, 2024, and a low of 13.18 AUD on April 6, 2025. The current stock price is 19.71 AUD.
Financial Ratios
The following financial ratios are relevant to Fortescue’s current valuation:
- Price-to-earnings ratio: 10.064
- Price-to-book ratio: 2.037
These ratios indicate a moderate valuation of the company’s stock.
