UBS Remains a Hold on Fortescue Metals Group Ltd (FSUMF)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2025
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Source: Business Insider
Analyst Ratings: Lachlan Shaw from UBS maintains a Hold rating on Fortescue Metals Group Ltd with a price target of A$15.30, while Goldman Sachs also holds a similar stance, and Morgan Stanley upgraded the stock to a Buy.
Financial Performance: Fortescue reported a quarterly revenue of $7.64 billion and a net profit of $1.55 billion for the quarter ending December 31, showing a decline compared to last year's revenue of $9.51 billion and net profit of $3.34 billion; however, insider sentiment remains positive with increased buying activity.
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.
