Goldman Sachs Group upgraded shares of FORTESCUE METAL/S (OTCMKTS:FSUGY) from a neutral rating to a buy rating in a research note released on Tuesday, The Fly reports.
FSUGY has been the subject of several other research reports. Zacks Investment Research raised FORTESCUE METAL/S from a hold rating to a strong-buy rating and set a $14.00 price target for the company in a research report on Monday, June 17th. Jefferies Financial Group downgraded FORTESCUE METAL/S from a buy rating to a hold rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $14.00.
FORTESCUE METAL/S stock opened at $10.11 on Tuesday. The stock has a fifty day moving average of $11.60 and a two-hundred day moving average of $10.66. The company has a market capitalization of $15.54 billion, a price-to-earnings ratio of 14.66 and a beta of 1.47. FORTESCUE METAL/S has a fifty-two week low of $4.97 and a fifty-two week high of $13.28.
FORTESCUE METAL/S Company Profile
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company owns and operates the Chichester Hub that includes 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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