How have these ASX 200 iron ore shares performed since reporting results?
3 min read
The ASX 200 iron ore giants have all reported their FY21 results. We look at how the big miners have been tracking since reporting.
We look at how the big miners have been tracking since releasing their financial results

The S&P/ASX 200 Index (ASX: XJO) iron ore giants all reported their financial results for 2021 (FY21) last month.

How their share prices have moved since reporting is important not just to investors in the big miners. It also impacts anyone investing in an ASX 200-tracking exchange-traded fund (ETF).

That's because, when taken together, BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Limited (ASX: FMG) have enough firepower to help or hinder the broader index.

Below we look at a brief recap of the key results these 3 ASX 200 iron ore titans reported, as well as how they've been performing since.

One thing to keep in mind when looking at their performance is the sliding price of iron ore. On 17 August iron ore was trading for US$167 per tonne, according to data from Markets Insider. Today that same tonne is trading for US$129. That's 23% lower in less than 1 month.

Go back just a few weeks further, to 30 July, and iron ore was trading at US$212 per tonne.

With that said…

How has BHP performed since reporting results?

BHP reported its FY21 results after market close on 17 August.

The core results included a 69% increase in underlying earnings before…
Bernd Struben
Read full article