FORTESCUE METAL/S (OTCMKTS:FSUGY) Forecasted to Post FY2021 Earnings of $1.75 Per Share

FORTESCUE METAL/S (OTCMKTS:FSUGY) – Jefferies Financial Group boosted their FY2021 earnings estimates for shares of FORTESCUE METAL/S in a report released on Wednesday, June 12th. Jefferies Financial Group analyst C. Lafemina now expects that the company will post earnings per share of $1.75 for the year, up from their prior estimate of $1.62.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered FORTESCUE METAL/S from a “strong-buy” rating to a “sell” rating in a report on Tuesday, June 4th. Vertical Group raised shares of FORTESCUE METAL/S to a “buy” rating in a research note on Monday, April 1st. HSBC downgraded shares of FORTESCUE METAL/S from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, JPMorgan Chase & Co. raised shares of FORTESCUE METAL/S from a “neutral” rating to an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.75.

Shares of FSUGY opened at $11.78 on Friday. FORTESCUE METAL/S has a 12 month low of $4.97 and a 12 month high of $12.73.

About FORTESCUE METAL/S

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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Earnings History and Estimates for FORTESCUE METAL/S (OTCMKTS:FSUGY)

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