Shares of FORTESCUE METAL/S (OTCMKTS:FSUGY) have earned an average recommendation of “Hold” from the five research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of FORTESCUE METAL/S from a “buy” rating to a “sell” rating in a research report on Friday, December 14th. Goldman Sachs Group lowered shares of FORTESCUE METAL/S from a “neutral” rating to a “sell” rating in a research report on Monday, January 14th. Jefferies Financial Group raised shares of FORTESCUE METAL/S from an “underperform” rating to a “buy” rating in a research report on Monday, January 28th. HSBC lowered shares of FORTESCUE METAL/S from a “buy” rating to a “hold” rating in a research report 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 report on Monday, March 4th.
Shares of OTCMKTS FSUGY traded down $0.05 during mid-day trading on Monday, reaching $9.13. 507,257 shares of the company were exchanged, compared to its average volume of 83,807. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.33. The stock has a market cap of $14.21 billion, a PE ratio of 13.23 and a beta of 1.65. FORTESCUE METAL/S has a twelve month low of $4.97 and a twelve month high of $9.55.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 4th will be paid a $0.41 dividend. This is an increase from FORTESCUE METAL/S’s previous Semi-Annual dividend of $0.16. The ex-dividend date is Friday, March 1st. FORTESCUE METAL/S’s dividend payout ratio (DPR) is presently 44.93%.
FORTESCUE METAL/S Company Profile
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.
See Also: Bid-Ask Spread
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