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An update from Ferrexpo ( (GB:FXPO) ) is now available.
Ferrexpo PLC reported its payments to governments for the year ending December 31, 2024, in compliance with the Reports on Payments to Governments Regulations 2014. The company made significant payments totaling $50.7 million to the Ukrainian government, with contributions to state, regional, and local budgets. These payments reflect Ferrexpo’s ongoing operations in Ukraine, highlighting its role as a major player in the global iron ore market and its commitment to regulatory compliance. The announcement underscores Ferrexpo’s continued impact on the Ukrainian economy and its strategic importance in the steel industry.
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 financial challenges, operational inefficiencies, and negative corporate events. The financial performance score is heavily impacted by declining margins and net losses. While there is some short-term technical momentum, the valuation remains unattractive with a negative P/E ratio. Corporate events further amplify risks, particularly related to geopolitical and operational issues. Investors should exercise caution given the multiple adverse factors affecting the company’s prospects.
To see Spark’s full report on GB:FXPO stock, click here.
More about Ferrexpo
Ferrexpo is a Swiss headquartered iron ore company with significant assets in Ukraine. It is listed on the London Stock Exchange and is part of the FTSE 250 and FTSE4Good indices. The company specializes in producing high-grade iron ore pellets, which are a premium product for the global steel industry, offering benefits like reduced carbon emissions and increased productivity. Ferrexpo has been a key supplier to the global steel industry for over 50 years and was the world’s third-largest exporter of pellets before the Russian invasion of Ukraine in 2022.
Average Trading Volume: 3,341,045
Technical Sentiment Signal: Sell
Current Market Cap: £409.5M
For a thorough assessment of FXPO stock, go to TipRanks’ Stock Analysis page.