Citi Keeps Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2025
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Source: Business Insider
Analyst Ratings: Citi analyst Paul McTaggart maintains a Hold rating on Fortescue Metals Group Ltd with a price target of A$17.50, while the stock currently trades at $8.94. The consensus among analysts is also a Hold, with a price target of $10.83 indicating a potential upside.
Company Performance: Fortescue reported a quarterly revenue of $7.64 billion and a net profit of $1.55 billion for the quarter ending December 31, down from $9.51 billion in revenue and $3.34 billion in profit the previous year; however, insider sentiment remains positive with increased share purchases by insiders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
