Fortescue (OTCMKTS:FSUMF – Get Free Report) is expected to post its results before the market opens on Thursday, August 20th. Analysts expect the company to announce earnings of $0.5350 per share and revenue of $8.3709 billion for the quarter.
Fortescue Stock Performance
Shares of FSUMF stock opened at $12.90 on Tuesday. The company has a fifty day moving average price of $13.56 and a two-hundred day moving average price of $14.50. Fortescue has a one year low of $11.40 and a one year high of $16.60.
About Fortescue
Fortescue Metals Group Ltd. (OTCMKTS: FSUMF) is an Australian-based mining company primarily engaged in the exploration, extraction and export of iron ore. Founded in 2003 by Chairman Andrew “Twiggy” Forrest, Fortescue has grown into one of the world’s largest iron ore producers, operating large-scale open-pit mines in the Pilbara region of Western Australia. The company’s operations encompass the full mining value chain—from pit to port—including rail logistics and port infrastructure.
In addition to its core iron ore business, Fortescue has diversified into renewable energy and green hydrogen through its subsidiary Fortescue Future Industries (FFI).
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