Fortress Minerals

Fortress Minerals reports earnings of US$18.3 mil, record revenue of US$47.7 mil for FY2021 - THE EDGE SINGAPORE

Results

Fortress Minerals reports earnings of US$18.3 mil, record revenue of US$47.7 mil for FY2021

An interim dividend of 1.0 cent has been declared for the FY2021 and will be paid out on May 10.

Broker's Calls

Brokers' Digest 968

Stocks to watch: Kimly, Fortress Minerals, SPH REIT.
Fortress Minerals still a 'buy' for PhillipCapital after strong 3Q21 results  - THE EDGE SINGAPORE

Broker's Calls

Fortress Minerals still a 'buy' for PhillipCapital after strong 3Q21 results

PhillipCapital has maintained a “buy” call on Fortress Minerals with a higher target price of 47 cents, up from 28 cents.
Fortress Minerals reports 477.6% higher 3QFY2021 earnings of US$4.3 mil due to higher revenue and 'favourable operating environment' - THE EDGE SINGAPORE

Results

Fortress Minerals reports 477.6% higher 3QFY2021 earnings of US$4.3 mil due to higher revenue and 'favourable operating environment'

Fortress has also proposed to acquire a 100% stake in Monument Mengapur for US$30 million.
964 Broker's Digest  - THE EDGE SINGAPORE

Broker's Calls

964 Broker's Digest

Take a look at these three stocks this week: Fortress Minerals, Nanofilm Technologies International, and Raffles Medical Group.
PhillipCapital positive on new iron ore producer Fortress Minerals - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital positive on new iron ore producer Fortress Minerals

PhillipCapital has initiated coverage on iron ore producer Fortress Minerals with a “buy” rating and target price of 28 cents.

SGX Research Series: 10 in 10

High-grade iron ore miner Fortress Minerals burnishes track record with strong earnings

Fortress focuses on producing highgrade magnetite concentrate commanding premium prices.

Results

Fortress Minerals' 1Q21 earnings nearly double to US$2.2 mil on higher sale volume and lower average unit cost of sales

Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported a 97.9% increase in 1Q21 earnings to US$2.2 million ($3.0 million) from US$1.1 million in 1Q20 a year ago.

Results

Fortress Minerals reports 37% rise in 1Q20 earnings to US$1.1 mil as it records inaugural sales

SINGAPORE (July 9): Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported 1Q20 earnings increased 37% to US$1.1 million ($1.5 million) from 1Q19 a year ago.
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