Zacks Investment Research Upgrades Fortescue Metals G (FSUGY) to Buy

Zacks Investment Research upgraded shares of Fortescue Metals G (OTCMKTS:FSUGY) from a hold rating to a buy rating in a report issued on Monday, January 8th. They currently have $9.50 price objective on the stock.

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. “

Fortescue Metals G (OTCMKTS FSUGY) traded down $0.15 during trading on Monday, hitting $8.37. 22,544 shares of the stock traded hands, compared to its average volume of 44,376. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.18. Fortescue Metals G has a fifty-two week low of $6.81 and a fifty-two week high of $11.12.

TRADEMARK VIOLATION WARNING: This piece was posted by BBNS and is the property of of BBNS. If you are accessing this piece on another publication, it was illegally copied and republished in violation of United States & international copyright and trademark law. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/fortescue-metals-g-fsugy-upgraded-to-buy-at-zacks-investment-research/1821146.html.

Fortescue Metals G Company Profile

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It owns and operates the Chichester Hub that consists of 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.

Get a free copy of the Zacks research report on Fortescue Metals G (FSUGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fortescue Metals G Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortescue Metals G and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.