Zacks Investment Research upgraded shares of FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) from a hold rating to a buy rating in a research report report published on Friday morning. The firm currently has $8.00 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. “

Several other equities research analysts have also recently issued reports on FSUGY. Macquarie reissued 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 7.30 on Friday. FORTESCUE METALS G ADR EA REPR 2 has a one year low of $1.99 and a one year high of $7.88. The stock has a market capitalization of $11.36 billion and a PE ratio of 11.55. The firm has a 50 day moving average price of $7.17 and a 200 day moving average price of $5.42.

FORTESCUE METALS G ADR EA REPR 2 Company Profile

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