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The latest announcement is out from Fortescue Metals Group Ltd ( (AU:FMG) ).
Fortescue Metals Group Ltd announced the cessation of certain securities, specifically the lapse of 9,318 performance rights and 9,339 vested rights. This development may impact the company’s capital structure and could have implications for its stakeholders, as it reflects adjustments in the company’s financial management and strategic planning.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$18.50 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 Metals Group Ltd is a prominent player in the mining industry, primarily focused on the production and export of iron ore. The company is known for its significant contributions to the global iron ore market and its operations are centered in Australia.
YTD Price Performance: 11.46%
Average Trading Volume: 7,203,389
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$58.96B
For an in-depth examination of FMG stock, go to TipRanks’ Overview page.