FORTESCUE METAL/S (OTCMKTS:FSUGY) Hits New 1-Year High at $15.83

Shares of FORTESCUE METAL/S (OTCMKTS:FSUGY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.83 and last traded at $15.82, with a volume of 24095 shares. The stock had previously closed at $15.15.

FSUGY has been the topic of a number of research analyst reports. Morgan Stanley downgraded FORTESCUE METAL/S from an “equal weight” rating to an “underweight” rating in a research report on Monday, September 23rd. Zacks Investment Research raised FORTESCUE METAL/S from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Monday, November 11th. Credit Suisse Group lowered shares of FORTESCUE METAL/S from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 1st. Clarkson Capital reissued a “buy” rating on shares of FORTESCUE METAL/S in a research report on Monday, September 23rd. Finally, Goldman Sachs Group lowered shares of FORTESCUE METAL/S from a “buy” rating to a “neutral” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.00.

The firm has a market cap of $23.30 billion, a P/E ratio of 7.68 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.37. The firm has a fifty day moving average of $14.53 and a 200-day moving average of $12.39.

FORTESCUE METAL/S Company Profile (OTCMKTS:FSUGY)

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley ranges of Pilbara, Western Australia.

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