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Fortescue Metals Group Ltd ( (AU:FMG) ) just unveiled an update.
Fortescue Metals Group Ltd announced the issuance of unquoted equity securities under an employee incentive scheme. This move involves the allocation of performance rights and vested rights, which are not intended to be quoted on the ASX, reflecting the company’s ongoing efforts to incentivize and retain its workforce.
The most recent analyst rating on (AU:FMG) stock is a Buy with a A$20.50 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. The company is known for its significant operations in the Pilbara region of Western Australia and has a strong presence in the global iron ore market.
Average Trading Volume: 7,584,388
Technical Sentiment Signal: Buy
Current Market Cap: A$56.62B
Learn more about FMG stock on TipRanks’ Stock Analysis page.