Fortescue Metals Group Ltd (FSUMF) Receives a Hold from RBC Capital
In a report released on December 10, Kaan Peker from RBC Capital maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$22.00. The company’s shares closed yesterday at A$22.66.
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According to TipRanks, Peker is a 4-star analyst with an average return of 14.0% and a 54.55% success rate. Peker covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and Mineral Resources Limited.
In addition to RBC Capital, Fortescue Metals Group Ltd also received a Hold from UBS’s Lachlan Shaw in a report issued yesterday. However, on December 8, Macquarie maintained a Sell rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).
Based on Fortescue Metals Group Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$8.19 billion and a net profit of A$1.89 billion. In comparison, last year the company earned a revenue of A$8.71 billion and had a net profit of A$2.35 billion
Read More on FSUMF:
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