FORTESCUE METAL/S (OTCMKTS:FSUGY) Reaches New 1-Year High at $13.55

FORTESCUE METAL/S (OTCMKTS:FSUGY) hit a new 52-week high on Monday . The company traded as high as $13.55 and last traded at $13.50, with a volume of 103185 shares trading hands. The stock had previously closed at $13.01.

A number of equities analysts have issued reports on the company. UBS Group raised FORTESCUE METAL/S from a “sell” rating to a “neutral” rating in a research report on Thursday, August 15th. Clarkson Capital restated a “buy” rating on shares of FORTESCUE METAL/S in a research note on Monday, September 23rd. Zacks Investment Research raised shares of FORTESCUE METAL/S from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Monday, November 11th. Jefferies Financial Group downgraded shares of FORTESCUE METAL/S from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. 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 assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

The company has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $11.73.

About FORTESCUE METAL/S (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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