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Fortescue Metals Group Ltd (FSUMF): New Sell Recommendation for This Basic Materials Giant
In a report released today, Robert Stein from Macquarie maintained a Sell rating on Fortescue Metals Group Ltd, with a price target of A$19.50.
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According to TipRanks, Stein is a 4-star analyst with an average return of 6.3% and a 55.80% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and IGO.
The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a $12.76 average price target.
The company has a one-year high of A$22.11 and a one-year low of A$13.18. Currently, Fortescue Metals Group Ltd has an average volume of 6.51M.
Read More on FSUMF:
Disclaimer & DisclosureReport an Issue
- Fortescue Metals Group Ltd Highlights Growth and Sustainability at AGM
- Fortescue Metals Achieves Record Q1 Shipments and Advances Decarbonization Efforts
- Fortescue Upsizes Cash Tender Offers Amid Strong Demand
- Fortescue Metals Announces Cessation of Securities
- Fortescue Metals Announces Equity Securities Update
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