Shares of Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.55 and traded as high as $12.96. Fortescue shares last traded at $12.92, with a volume of 6,336 shares traded.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada lowered shares of Fortescue to a “sector perform” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Fortescue currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Fortescue
Fortescue Price Performance
Fortescue Company Profile
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.
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