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ABN Amro Reaffirms Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)

According to TipRanks.com, Prendergast is a 5-star analyst with an average return of 23.4% and a 67.4% success rate. Prendergast covers the Utilities sector, focusing on stocks such as Cooper Energy Limited, Karoon Energy Ltd, and Santos Limited.

Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Sell with an average price target of $13.50.

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Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the China and Other geographical segments. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron Bridgen and copper-gold exploration. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.

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