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 note published on Friday morning. Zacks Investment Research 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. “

A number of other analysts also recently issued reports on FSUGY. 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. Macquarie reaffirmed an outperform rating on shares of FORTESCUE METALS G ADR EA REPR 2 in a research note on Sunday, July 31st.

FORTESCUE METALS G ADR EA REPR 2 (NASDAQ:FSUGY) opened at 7.30 on Friday. The stock has a market cap of $11.36 billion and a price-to-earnings ratio of 11.55. The firm’s 50-day moving average price is $7.17 and its 200 day moving average price is $5.42. FORTESCUE METALS G ADR EA REPR 2 has a 12 month low of $1.99 and a 12 month high of $7.88.

FORTESCUE METALS G ADR EA REPR 2 Company Profile

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