Skip to main content
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 Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Mon Mar 30, 5:36PM CDT

In a report released today, Robert Stein from Macquarie upgraded Fortescue Metals Group Ltd to a Buy, with a price target of A$22.00.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Stein is a 4-star analyst with an average return of 5.7% and a 52.44% success rate. Stein covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Fortescue Metals Group Ltd, and IGO.

Currently, the analyst consensus on Fortescue Metals Group Ltd is a Hold with an average price target of A$20.21.

See the top stocks recommended by analysts >>

The company has a one-year high of A$23.38 and a one-year low of A$13.18. Currently, Fortescue Metals Group Ltd has an average volume of 7.11M.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.

Read More on FSUMF:

Disclaimer & DisclosureReport an Issue

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.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).