FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
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 equities research analysts have also commented on FSUGY. Macquarie reaffirmed an “outperform” rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a research report on Sunday, July 31st. RBC Capital Markets reissued a “sector perform” rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a report on Monday, August 1st.
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FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) traded up 2.59% on Thursday, hitting $7.12. 5,450 shares of the company’s stock traded hands. The stock has a market cap of $11.08 billion and a P/E ratio of 11.27. FORTESCUE METALS G ADR EA REPR 2 has a 12 month low of $1.99 and a 12 month high of $7.88. The stock has a 50 day moving average price of $7.13 and a 200-day moving average price of $5.31.
FORTESCUE METALS G ADR EA REPR 2 Company Profile
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