Fortescue Metals Group (ASX: FMG)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase in a research note issued on Tuesday. They currently have a $5.00 (5 AUD) price target on the stock.

A number of other firms have also recently commented on FMG. Analysts at CIMB reiterated an “outperform” rating on shares of Fortescue Metals Group in a research note to investors on Friday, January 4th. They now have a $6.21 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Fortescue Metals Group in a research note to investors on Wednesday, December 5th. They now have a $5.47 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Fortescue Metals Group in a research note to investors on Wednesday, November 7th. They now have a $4.69 price target on the stock.

Fortescue Metals Group traded down 1.90% on Tuesday, hitting A$4.640. Fortescue Metals Group has a 52-week low of A$2.810 and a 52-week high of A$6.180. The stock’s 50-day moving average is currently A$3.56. The company has a market cap of A$14.448 billion and a price-to-earnings ratio of 9.44.

Fortescue Metals Group Limited (Fortescue) is an iron ore producer and explorer. Fortescue is engaged in mining of iron ore from its Cloudbreak and Christmas Creek mine sites, the operation of an integrated mine, rail and port supply chain and the expansion of iron ore operations.

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