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Fortescue Metals Group Ltd ( (AU:FMG) ) has shared an announcement.
Fortescue Metals Group Ltd announced the cessation of certain securities, including 42,967 performance rights and 685 vested rights, due to unmet conditions and other reasons. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s strategic financial management.
The most recent analyst rating on (AU:FMG) stock is a Sell with a A$19.50 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 leading company in the mining industry, primarily focused on the production and export of iron ore. It is one of the largest producers globally and has a significant market presence in Asia, particularly China.
Average Trading Volume: 6,486,666
Technical Sentiment Signal: Buy
Current Market Cap: A$68.04B
For a thorough assessment of FMG stock, go to TipRanks’ Stock Analysis page.