Jefferies Group Equities Analysts Raise Earnings Estimates for Fortescue Metals G (FSUGY)

Fortescue Metals G (OTCMKTS:FSUGY) – Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Fortescue Metals G in a research report issued to clients and investors on Friday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings per share of $0.84 for the year, up from their previous estimate of $0.82.

Separately, Zacks Investment Research cut shares of Fortescue Metals G from a “buy” rating to a “sell” rating in a research note on Wednesday, September 13th.

Shares of Fortescue Metals G (OTCMKTS FSUGY) traded up $0.04 during trading hours on Monday, reaching $8.38. 22,215 shares of the company traded hands, compared to its average volume of 46,169. Fortescue Metals G has a 12 month low of $6.81 and a 12 month high of $11.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.92.

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About Fortescue Metals G

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges of Pilbara, Western Australia.

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