Fortescue (OTCMKTS:FSUGY) Upgraded to “Strong-Buy” at Citigroup

Citigroup upgraded shares of Fortescue (OTCMKTS:FSUGY) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Fortescue from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 8th.

Fortescue Price Performance

Shares of FSUGY opened at $21.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67. The business has a fifty day moving average of $19.95 and a 200 day moving average of $22.72. Fortescue has a 52-week low of $16.41 and a 52-week high of $36.87.

Fortescue Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd were given a $0.6199 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Fortescue Company Profile

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.