Shares of FORTESCUE METAL/S (OTCMKTS:FSUGY) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.
FSUGY has been the subject of a number of recent analyst reports. Vertical Group raised FORTESCUE METAL/S to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded FORTESCUE METAL/S from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Jefferies Financial Group upgraded FORTESCUE METAL/S from an “underperform” rating to a “buy” rating in a report on Monday, January 28th. JPMorgan Chase & Co. upgraded FORTESCUE METAL/S from a “neutral” rating to an “overweight” rating in a report on Monday, March 4th. Finally, Goldman Sachs Group upgraded FORTESCUE METAL/S from a “sell” rating to a “neutral” rating in a report on Wednesday, January 30th.
Shares of OTCMKTS:FSUGY opened at $12.26 on Friday. FORTESCUE METAL/S has a 12-month low of $4.97 and a 12-month high of $12.32.
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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