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Fortescue Metals Group Ltd (FSUMF): New Buy Recommendation for This Basic Materials Giant
In a report released today, from Macquarie maintained a Buy rating on Fortescue Metals Group Ltd, with a price target of A$23.00.
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Fortescue Metals Group Ltd has an analyst consensus of Hold, with a price target consensus of A$20.03.
FSUMF market cap is currently A$62.41B 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.
Read More on FSUMF:
Disclaimer & DisclosureReport an Issue
- Fortescue Issues New Tranche of Unquoted Performance Rights Under Staff Incentive Plan
- Fortescue Flags Conversion of Unquoted Equity Securities
- Fortescue Confirms Lapse of 79,471 Unvested Performance Rights
- Fortescue Fast-Tracks Industrial Green Grid to Cut Diesel and Costs
- Fortescue Director Boosts Shareholding via Dividend Reinvestment Plan
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