Citi Reaffirms Their Hold Rating on Fortescue Metals Group Ltd (FSUMF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2025
0mins
Source: Business Insider
Citi's Rating on Fortescue Metals: Paul McTaggart from Citi has maintained a Hold rating on Fortescue Metals Group Ltd with a price target of A$17.50, while the stock closed at $10.25. UBS also issued a Hold rating, contrasting RBC Capital's Buy rating from March 13.
Company Performance and Insider Activity: Fortescue reported a quarterly revenue of $7.64 billion and a net profit of $1.55 billion, down from last year's figures. Positive insider sentiment is noted, with an increase in insiders buying shares over the past quarter.
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.
