Latest news with #FortescueMetalsGroupLtd
Business Insider
4 days ago
- Business
- Business Insider
Fortescue Metals Group Ltd (FSUMF): New Buy Recommendation for This Basic Materials Giant
Morgans analyst Adrian Prendergast upgraded Fortescue Metals Group Ltd (FSUMF – Research Report) to a Buy today and set a price target of A$18.80. The company's shares closed last Monday at $10.00. Confident Investing Starts Here: Prendergast covers the Energy sector, focusing on stocks such as Karoon Energy Ltd, Beach Energy , and Amplitude Energy. According to TipRanks, Prendergast has an average return of 12.0% and a 51.74% success rate on recommended stocks. In addition to Morgans, Fortescue Metals Group Ltd also received a Buy from Morgan Stanley's Rahul Anand in a report issued on May 23. However, on the same day, UBS maintained a Hold rating on Fortescue Metals Group Ltd (Other OTC: FSUMF). FSUMF market cap is currently $29.91B and has a P/E ratio of 7.89. Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.
Business Insider
02-05-2025
- Business
- Business Insider
Bell Potter Remains a Hold on Fortescue Metals Group Ltd (FSUMF)
Bell Potter analyst David Coates maintained a Hold rating on Fortescue Metals Group Ltd (FSUMF – Research Report) today and set a price target of A$16.79. The company's shares closed today at $10.75. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Coates is a 4-star analyst with an average return of 6.3% and a 52.03% success rate. Coates covers the Basic Materials sector, focusing on stocks such as Evolution Mining , AIC Mines Limited, and Regis Resources Limited. Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Buy with an average price target of $11.18, which is a 4.00% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a A$15.30 price target. Based on Fortescue Metals Group Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.64 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $9.51 billion and had a net profit of $3.34 billion Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSUMF in relation to earlier this year.
