Shares of FORTESCUE METAL/S (OTCMKTS:FSUGY) have received a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.00.
A number of analysts recently commented on the company. Credit Suisse Group downgraded FORTESCUE METAL/S from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 1st. Morgan Stanley cut FORTESCUE METAL/S from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 23rd. Goldman Sachs Group downgraded FORTESCUE METAL/S from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 29th. UBS Group raised FORTESCUE METAL/S from a “sell” rating to a “neutral” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research upgraded FORTESCUE METAL/S from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Monday, November 11th.
Shares of OTCMKTS FSUGY traded up $0.06 during midday trading on Wednesday, reaching $13.67. The company’s stock had a trading volume of 13,274 shares, compared to its average volume of 73,271. FORTESCUE METAL/S has a 12-month low of $5.61 and a 12-month high of $13.77. The firm has a 50 day moving average price of $12.46 and a 200-day moving average price of $11.75.
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley ranges of Pilbara, Western Australia.
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