FORTESCUE METAL/S (OTCMKTS:FSUGY) Lifted to “Buy” at Goldman Sachs Group
Goldman Sachs Group upgraded shares of FORTESCUE METAL/S (OTCMKTS:FSUGY) from a neutral rating to a buy rating in a report issued on Tuesday, The Fly reports.
Other research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of FORTESCUE METAL/S from a buy rating to a hold rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded shares of FORTESCUE METAL/S from a hold rating to a strong-buy rating and set a $14.00 price objective on the stock in a research note on Monday, June 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. FORTESCUE METAL/S presently has a consensus rating of Hold and a consensus price target of $14.00.
FORTESCUE METAL/S stock opened at $10.40 on Tuesday. The firm has a market cap of $16.00 billion, a PE ratio of 15.07 and a beta of 1.47. The firm’s 50 day moving average price is $11.56 and its two-hundred day moving average price is $10.66. FORTESCUE METAL/S has a twelve month low of $4.97 and a twelve month high of $13.28.
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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