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New Sell Rating for Fortescue Metals Group Ltd (FSUMF), the Basic Materials Giant

Tipranks - Tipranks - Fri Apr 10, 8:08PM CDT

Jarden analyst Ben Lyons maintained a Sell rating on Fortescue Metals Group Ltd yesterday and set a price target of A$16.40.

Easter Sale - 70% Off TipRanks

Lyons covers the Basic Materials sector, focusing on stocks such as Syrah Resources, Greatland Resources, and Pilbara Minerals . According to TipRanks, Lyons has an average return of 4.0% and a 61.29% success rate on recommended stocks.

Fortescue Metals Group Ltd has an analyst consensus of Hold, with a price target consensus of A$20.13.

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FSUMF market cap is currently A$64.75B and has a P/E ratio of 5.80.

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.

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