Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Fenix Resources Limited ( (AU:FEX) ) is now available.
Fenix Resources Ltd has updated its iron ore hedge book, securing new contracts for an additional 300,000 tonnes of iron ore, bringing the total hedged volume to 720,000 tonnes at an average price of A$153.18 per tonne until June 2026. This move aligns with the company’s Price Protection Policy, ensuring a positive cash flow margin while maintaining exposure to spot prices. The hedging contracts, in partnership with Macquarie Bank, will transition to a new index reflecting changes in iron ore quality specifications, potentially impacting the company’s financial strategy and market positioning.
The most recent analyst rating on (AU:FEX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.
More about Fenix Resources Limited
Fenix Resources Ltd is a fully integrated mining, logistics, and port services company operating in the Mid-West region of Western Australia. It produces high-quality iron ore from its three mines, including the flagship Iron Ridge Iron Ore Mine, and manages logistics through its Newhaul Road and Port Logistics businesses. The company is committed to local community engagement and has created over 300 jobs in Western Australia.
YTD Price Performance: 78.29%
Average Trading Volume: 2,063,177
Technical Sentiment Signal: Buy
Current Market Cap: A$342.5M
See more data about FEX stock on TipRanks’ Stock Analysis page.