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 report 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 research firms also recently commented on FSUGY. Macquarie reaffirmed an “outperform” rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a research note on Sunday, July 31st. RBC Capital Markets reaffirmed a “sector perform” rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a research note on Monday, August 1st.

Shares of FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) opened at 7.08 on Thursday. FORTESCUE METALS G ADR EA REPR 2 has a 52-week low of $1.99 and a 52-week high of $7.88. The company has a market cap of $11.02 billion and a P/E ratio of 11.20. The company has a 50-day moving average price of $7.13 and a 200-day moving average price of $5.34.

About FORTESCUE METALS G ADR EA REPR 2

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