Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Fortescue Metals Group Ltd ( (AU:FMG) ) has issued an update.
Fortescue Metals Group Ltd announced a change in the director’s interest, specifically concerning Mark Barnaba. The notice details an acquisition of 316 ordinary shares through an on-market trade, increasing his direct holdings to 907 shares. This change reflects the director’s increased investment in the company, potentially signaling confidence in Fortescue’s future performance and stability.
The most recent analyst rating on (AU:FMG) stock is a Buy with a A$19.90 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 focusing on the extraction and production of iron ore. It is a significant player in the global market, contributing to the supply of this essential raw material used in steel production.
Average Trading Volume: 7,618,773
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$59.39B
For a thorough assessment of FMG stock, go to TipRanks’ Stock Analysis page.