Fortescue Metals Group Stock News

Global investment bank JP Morgan sees merit in FMGs clean energy business but believes that while investors are also supportive, they want to see a firm, winning project.

Fortescue Metals Group (OTCMKTS:FSUMF) was downgraded by JPMorgan Chase & Co. to a hold rating in a report released on Monday, TipRanks reports. They currently have a $19.00 price target on the stock. JPMorgan Chase & Co.s target price would suggest a potential upside of 59.93% from the companys current price. Separately, Citigroup upgraded Fortescue []

Why did Fortescue shares have a decent day today? The post Why did the Fortescue (ASX:FMG) share price outperform its sector today? appeared first on The Motley Fool Australia .

Fortescue Metals Group Limited (OTCMKTS:FSUGY) has been assigned an average rating of Sell from the six ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month price target among analysts []

What''s caused the company''s shares to fall recently? The post Why has the Fortescue (ASX:FMG) share price had such a lousy start to December? appeared first on The Motley Fool Australia .

Citigroup lowered shares of Fortescue Metals Group (OTCMKTS:FSUGY) from a buy rating to a neutral rating in a report released on Wednesday morning, The Fly reports. Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Fortescue Metals Group from a hold rating to a sell rating in a research []

Fortescue Metals Group Limited (OTCMKTS:FSUGY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 36,000 shares, a decline of 32.6% from the October 31st total of 53,400 shares. Based on an average trading volume of 259,600 shares, the short-interest ratio is presently 0.1 […]

Fortescue Metals Group (OTCMKTS:FSUGY) was downgraded by Citigroup from a buy rating to a neutral rating in a research note issued on Wednesday, The Fly reports. Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Fortescue Metals Group from a hold rating to a sell []

Freeport-McMoRan (NYSE:FCX) and Fortescue Metals Group (OTCMKTS:FSUGY) are both large-cap basic materials companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, analyst recommendations, profitability, valuation, dividends, institutional ownership and earnings. Analyst Ratings This is a summary of current recommendations for Freeport-McMoRan and Fortescue Metals []

Citi says there is better value in other iron ore miners after FMGs strong recovery

Australian shares edged lower on Wednesday, as the first confirmed community case of the Omicron coronavirus variant stoked fears of reimposition of restrictions and delay an economic recovery, ahead of third quarter GDP data. The S&P/ASX 200 index lost 0.35% at 7,230.7 by 2351 GMT. The benchmark gained 0.22% on Tuesday. Australian authorities confirmed a person with COVID-19 had the new Omicron variant after disclosing that the person had been active in the community on Tuesday. Fears were also exacerbated by vaccine maker Moderna''s chief executive officer saying vaccines are likely to be less effective against the new variant, further fuelling a global selloff. Energy stocks tumbled as much as 1.25%, tracking a 6.2% drop in US crude futures overnight. Woodside Petroleum and Santos shed as much as 1.6% and 1.7%, respectively. The country''s fourth largest lender Australia and New Zealand Banking Group shed as much as 0.9% after it revealed a class action proceeding had been filed against it, relating to some "unfair" credit card contracts.

Australian shares closed lower on Monday for the second straight session, as the country reported its first cases of the Omicron coronavirus variant over the weekend. The S&P/ASX 200 index settled 0.54% lower at 7,239.7 after dropping more than 1% in early trade to its lowest in nearly two months. Australia confirmed two cases of the new Omicron variant on Sunday, putting the country''s reopening plans in jeopardy. Omicron, dubbed a "variant of concern" by the World Health Organization, is potentially more contagious than previous variants. Experts do not know yet if it will cause more or less severe COVID-19 compared to other strains. "The global markets sold off last week after the Omicron jolt, and even though we bounced back a little today, markets will be nervous until there is more clarity," said Brad Smoling, managing director at Smoling Stockbroking. The mining and tech sectors led the partial recovery from early falls as iron ore prices rose and bond yields declined, while financial and travel stocks bore the brunt of the selling.

Freeport-McMoRan and Fortescue Metals Group are both large-cap basic materials companies, but which is the superior investment? We will compare the two companies based on the

Freeport-McMoRan (NYSE:FCX) and Fortescue Metals Group (OTCMKTS:FSUGY) are both large-cap basic materials companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, dividends, risk, institutional ownership, valuation, analyst recommendations and earnings. Volatility and Risk Freeport-McMoRan has a beta of 2.12, suggesting that its stock price [] The post Reviewing Freeport-McMoRan (NYSE:FCX) and Fortescue Metals Group (OTCMKTS:FSUGY) appeared first on ETF Daily News .

Fortescue has a plan to achieve higher iron ore prices. The post Could this help Fortescue (ASX:FMG) mitigate the risks of falling iron ore prices? appeared first on The Motley Fool Australia .