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Ferrexpo ( (GB:FXPO) ) just unveiled an update.
Ferrexpo’s Annual General Meeting (AGM) on May 22, 2025, resulted in the approval of most resolutions, including the re-appointment of MHA Audit Services LLP as auditors. However, significant shareholder opposition was noted against the authority to allot shares and disapply pre-emption rights, leading to these resolutions not passing. Additionally, the re-election of Vitalii Lisovenko as an Independent Non-executive Director did not receive sufficient votes from independent shareholders, prompting a potential second vote. The Board plans to engage with shareholders to understand the opposition and will provide an update within six months.
The most recent analyst rating on (GB:FXPO) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Ferrexpo stock, see the GB:FXPO Stock Forecast page.
Spark’s Take on GB:FXPO Stock
According to Spark, TipRanks’ AI Analyst, GB:FXPO is a Neutral.
Ferrexpo’s overall stock score reflects significant challenges, including declining financial performance and negative corporate events. While some short-term technical momentum exists, the negative valuation metrics and serious operational risks weigh heavily on the outlook. Investors should be cautious due to the ongoing financial and geopolitical uncertainties affecting the company.
To see Spark’s full report on GB:FXPO stock, click here.
More about Ferrexpo
Ferrexpo is a Swiss-headquartered iron ore company with assets in Ukraine, listed on the London Stock Exchange under the ticker FXPO. It is part of the FTSE 250 and FTSE4Good indices. The company produces high-grade iron ore pellets, which are a premium product for the global steel industry, enhancing productivity and reducing carbon emissions. Ferrexpo has been a major supplier to the global steel industry for over 50 years, with a significant customer base among premium steel mills worldwide.
Average Trading Volume: 2,842,169
Technical Sentiment Signal: Sell
Current Market Cap: £393.6M
See more data about FXPO stock on TipRanks’ Stock Analysis page.
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