Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY – Get Free Report) was down 0.3% during trading on Thursday . The stock traded as low as $25.95 and last traded at $26.21. Approximately 105,897 shares were traded during mid-day trading, an increase of 48% from the average session volume of 71,548 shares. The stock had previously closed at $26.29.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Fortescue from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Fortescue currently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on Fortescue
Fortescue Stock Up 1.0%
About Fortescue
Fortescue (OTCMKTS:FSUGY) is the U.S. over?the?counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large?scale open?pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.
Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.
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