Fortescue Metals Group (OTCMKTS:FSUGY) Reaches New 12-Month High at $32.94

Fortescue Metals Group Limited (OTCMKTS:FSUGY)’s share price hit a new 52-week high during trading on Saturday . The company traded as high as $32.94 and last traded at $32.93, with a volume of 40752 shares changing hands. The stock had previously closed at $32.48.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised Fortescue Metals Group from a “neutral” rating to an “overweight” rating in a report on Wednesday, September 13th.

Fortescue Metals Group Trading Up 1.4 %

The business has a 50 day simple moving average of $27.91 and a 200-day simple moving average of $28.00. The company has a quick ratio of 1.98, a current ratio of 2.47 and a debt-to-equity ratio of 0.29.

Fortescue Metals Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 8th were issued a dividend of $1.2738 per share. This is an increase from Fortescue Metals Group’s previous dividend of $1.01. The ex-dividend date of this dividend was Thursday, September 7th.

Fortescue Metals Group Company Profile

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. 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, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.