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A report released today by Zacks Investment Research about FORTESCUE METALS G ADR EA REPR 2 ORD SHS (NASDAQ:FSUGY) bumps the target price to $8.00

Showing a price of $7.08, FORTESCUE METALS G ADR EA REPR 2 ORD SHS (NASDAQ:FSUGY) traded 2.59% higher on the day. The last stock price is up 34.12% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. FORTESCUE METALS G ADR EA REPR 2 ORD SHS has been tracking to a 50-day moving average of $7.13 and 200-day average of $5.31. 5,450 shares of the stock traded, down from ann average volume of 7,409

Stating a possible upside of 0.13%, Zacks Investment Research raised the price target of FORTESCUE METALS G ADR EA REPR 2 ORD SHS (NASDAQ:FSUGY) to $8

Performance Graph:

FORTESCUE METALS G ADR EA REPR 2 ORD SHS (NASDAQ:FSUGY)

With a market capitalization of $0.0, FORTESCUE METALS G ADR EA REPR 2 ORD SHS has a price-earnings of 11 with a 52 week low of $1.99 and a one-year high of $7.88.

About FORTESCUE METALS G ADR EA REPR 2 ORD SHS (NASDAQ:FSUGY)

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges in the Pilbara, Western Australia; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges in the Pilbara, Western Australia. The company was founded in 2003 and is based in East Perth, and Australia.

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