This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
New Sell Rating for Fortescue Metals Group Ltd (FSUMF), the 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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Stein covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and IGO. According to TipRanks, Stein has an average return of 4.8% and a 53.48% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a $13.14 average price target.
FSUMF market cap is currently A$70.72B and has a P/E ratio of 13.57.
Read More on FSUMF:
Disclaimer & DisclosureReport an Issue
- Fortescue to Acquire Remaining Stake in Alta Copper
- Fortescue Metals Announces Cessation of Securities
- Fortescue Metals Group Issues Unquoted Equity Securities for Employee Incentive
- Fortescue Reinforces Commitment to Combat Modern Slavery with FY25 Statement
- Fortescue Metals Group Ltd Highlights Growth and Sustainability at AGM
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
