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Fenix Resources Limited ( (AU:FEX) ) has issued an update.
Fenix Resources Ltd has expanded its iron ore hedging contracts, securing an additional 240,000 tonnes for 2026, bringing its total hedged volume to 840,000 tonnes at an average price of A$152.08 per tonne. This strategic move aligns with Fenix’s Price Protection Policy, ensuring a positive cashflow margin while maintaining exposure to spot market prices, thereby strengthening its financial stability and operational planning.
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 based in Western Australia, with an annual production rate exceeding 4 million tonnes of iron ore. The company operates three iron ore mines in the Mid-West region, including the flagship Iron Ridge Iron Ore Mine, and manages its own logistics through Newhaul Road and Port Logistics businesses. Fenix is committed to local community engagement and has generated over 300 jobs in the region.
Average Trading Volume: 2,289,582
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$290.3M
For a thorough assessment of FEX stock, go to TipRanks’ Stock Analysis page.