FY2021 EPS Estimates for FORTESCUE METAL/S (OTCMKTS:FSUGY) Increased by Analyst

FORTESCUE METAL/S (OTCMKTS:FSUGY) – Analysts at Jefferies Financial Group increased their FY2021 EPS estimates for FORTESCUE METAL/S in a research report issued to clients and investors on Wednesday, June 12th. Jefferies Financial Group analyst C. Lafemina now forecasts that the company will post earnings per share of $1.75 for the year, up from their prior estimate of $1.62.

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

Shares of FSUGY stock opened at $11.78 on Friday. FORTESCUE METAL/S has a fifty-two week low of $4.97 and a fifty-two week 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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