Fortescue Metals Group Ltd (FSUMF) Receives a Hold from Jefferies

The company’s shares closed last Monday at $12.82.

According to, LaFemina is a 4-star analyst with an average return of 7.7% and a 55.0% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Peabody Energy Comm, and Rio Tinto Limited.

Currently, the analyst consensus on Fortescue Metals Group Ltd is a Moderate Sell with an average price target of $13.07.

See today’s best-performing stocks on TipRanks >>

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on FSUMF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More