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Ferrexpo ( (GB:FXPO) ) has issued an update.
Ferrexpo’s interim executive chair, Lucio Genovese, used a year-end letter to contrast the company’s 30% share price decline with an 80% surge in the broader Global Mining Index, attributing the underperformance to the ongoing war in Ukraine, recent attacks on energy infrastructure that have triggered nationwide power restrictions, and liquidity pressures from Ukrainian tax authorities withholding VAT refunds. Despite these headwinds, Ferrexpo has broadened its premium-grade iron ore product mix, increased exports of concentrate to a wider customer base in Asia, and shifted more than half of its output to premium-grade concentrates, while implementing cost-cutting measures including reduced working hours, furloughs and cuts to social and humanitarian spending to preserve viability and safeguard assets as it continues operating under martial law and pursues recovery of the withheld VAT.
The most recent analyst rating on (GB:FXPO) stock is a Hold with a £69.00 price target. To see the full list of analyst forecasts on Ferrexpo stock, see the GB:FXPO Stock Forecast page.
Spark’s Take on GB:FXPO Stock
According to Spark, TipRanks’ AI Analyst, GB:FXPO is a Neutral.
Ferrexpo’s overall stock score is primarily influenced by its challenging financial performance, with declining revenues and profitability being major concerns. Technical analysis provides a more positive outlook with strong momentum indicators. Valuation remains a concern due to negative earnings. Corporate events highlight operational challenges but also demonstrate the company’s resilience and commitment to responsible business practices.
To see Spark’s full report on GB:FXPO stock, click here.
More about Ferrexpo
Ferrexpo is a Switzerland-based iron ore producer whose operations are centred in Ukraine, focusing on premium-grade iron ore pellets and concentrates. The company serves global steelmakers and has been increasingly directing exports to Asian markets as it adapts its product mix to shifting demand for higher-grade ores.
Average Trading Volume: 2,532,120
Technical Sentiment Signal: Buy
Current Market Cap: £447.7M
Learn more about FXPO stock on TipRanks’ Stock Analysis page.