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Macquarie Reaffirms Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)

Tipranks - Tipranks - Wed Mar 25, 8:40PM CDT

Macquarie analyst Robert Stein maintained a Hold rating on Fortescue Metals Group Ltd today and set a price target of A$22.00.

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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.

In a report released on March 12, RBC Capital also maintained a Hold rating on the stock with a A$21.00 price target.

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FSUMF market cap is currently A$58.62B 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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