According to Zacks, “Fortescue Metals Group Ltd is engaged in the exploration and mining of iron ore properties. Its properties primarily include the Cloudbreak and Christmas Creek mine sites and the Solomon project located in Pilbara, Western Australia. Fortescue Metals Group Ltd is based in East Perth, Australia. “
Several other research analysts have also weighed in on FSUGY. Goldman Sachs Group raised shares of FORTESCUE METAL/S from a neutral rating to a buy rating in a research note on Tuesday. 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. FORTESCUE METAL/S has a consensus rating of Hold and a consensus price target of $14.00.
About FORTESCUE METAL/S
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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