RBC Capital Remains a Buy on Fortescue Metals Group Ltd (FSUMF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
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Source: Business Insider
Analyst Ratings: Kaan Peker from RBC Capital maintains a Buy rating on Fortescue Metals Group Ltd with a price target of A$21.00, while Morgans also issued a Buy rating, contrasting Morgan Stanley's Hold rating.
Company Overview: Fortescue Metals Group Ltd focuses on developing iron ore deposits and operates various projects in Australia, with a current market cap of $39.97B and a P/E ratio of 7.01.
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.
