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.
Fortescue Metals Group Ltd (FSUMF): New Sell Recommendation for This Basic Materials Giant
Macquarie analyst Robert Stein maintained a Sell rating on Fortescue Metals Group Ltd today and set a price target of A$21.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
According to TipRanks, Stein is a 4-star analyst with an average return of 5.5% and a 55.87% success rate. Stein covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Fortescue Metals Group Ltd, and Rio Tinto Limited.
In addition to Macquarie, Fortescue Metals Group Ltd also received a Sell from Morgan Stanley’s Rahul Anand in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).
FSUMF market cap is currently A$68.5B and has a P/E ratio of 13.14.
Read More on FSUMF:
Disclaimer & DisclosureReport an Issue
- Alta Copper issues update on Fortescue transaction
- Fortescue Delivers Record First-Half Shipments and Advances Decarbonisation and Copper Push
- Fortescue Issues 272,520 Unquoted Performance Rights Under Employee Incentive Scheme
- Fortescue Updates Market on Conversion of Unquoted Equity Securities
- Fortescue Announces Lapse of 1,309 Performance Rights
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.
