Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.43 and traded as high as $14.48. Fortescue shares last traded at $14.48, with a volume of 750 shares traded.
Analyst Ratings Changes
Separately, Royal Bank Of Canada cut Fortescue to a “sector perform” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fortescue presently has an average rating of “Hold”.
View Our Latest Analysis on Fortescue
Fortescue Stock Performance
About Fortescue
Fortescue Ltd 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.
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