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Fortescue Metals Group Ltd ( (AU:FMG) ) just unveiled an update.
Fortescue director Mark Barnaba has increased his direct shareholding in the company through an on-market trade, purchasing 288 ordinary shares for a total consideration of $5,998.77. Following the transaction, Barnaba now holds 1,205 Fortescue shares directly, while his indirect holding through Chester Pty Ltd (M Barnaba Super Fund) remains unchanged at 45,182 shares, with no changes reported in any related contracts or trading during a closed period.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$20.60 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
More about Fortescue Metals Group Ltd
Fortescue Ltd is a major Australian resources company focused on iron ore mining and related operations, supplying global steel markets. The company is listed on the ASX and its shares are held directly and indirectly by its directors and associated entities, reflecting standard governance and disclosure practices in the mining sector.
Average Trading Volume: 6,866,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$60.25B
For a thorough assessment of FMG stock, go to TipRanks’ Stock Analysis page.