Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY – Get Free Report) shares reached a new 52-week low on Thursday. The stock traded as low as $19.71 and last traded at $20.60, with a volume of 1,240 shares trading hands. The stock had previously closed at $21.53.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of Fortescue from a “hold” rating to a “sell” rating and set a $16.90 target price on the stock. in a research report on Thursday, July 2nd. Zacks Research cut shares of Fortescue from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 8th. Finally, Jefferies Financial Group upgraded shares of Fortescue from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Sell” and a consensus price target of $16.90.
View Our Latest Stock Report on FSUGY
Fortescue Stock Down 0.8%
The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.76 and a current ratio of 2.32. The firm’s 50-day moving average price is $23.45 and its 200 day moving average price is $26.55.
Fortescue Company Profile
Fortescue is an Australian metals and energy company headquartered in Perth, Western Australia. Founded in 2003, the company is best known for its iron ore operations in the Pilbara region of Western Australia, where it develops and operates mines, processing facilities, rail infrastructure and port facilities.
Fortescue produces and exports iron ore products to customers in international markets, particularly in Asia. Its integrated Pilbara operations include mining and processing assets connected by a privately owned railway network to port facilities at Port Hedland.
Through its Fortescue Energy business, the company is also developing renewable energy, green hydrogen and green ammonia projects, as well as technologies intended to reduce emissions from heavy industry and mining.
Read More
- Five stocks we like better than Fortescue
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
- MarketBeat Week in Review – 10/19 – 10/23
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
Receive News & Ratings for Fortescue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortescue and related companies with MarketBeat.com's FREE daily email newsletter.
