Goldman Sachs Keeps Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)
In a report released today, from Goldman Sachs maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$22.70.
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The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a A$20.78 average price target.
Based on Fortescue Metals Group Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$8.19 billion and a net profit of A$1.89 billion. In comparison, last year the company earned a revenue of A$8.71 billion and had a net profit of A$2.35 billion
Read More on FSUMF:
Disclaimer & DisclosureReport an Issue
- 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
- Fortescue Metals downgraded to Underperform from Hold at Jefferies
- Alta Copper files meetig materials for Special Meeting of Shareholders
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