Analyst Price Target is $22.00
▼ -4.80% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for Fortescue Metals Group in the last 3 months. The average price target is $22.00, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a -4.80% upside from the last price of $23.11.
Current Consensus is
The current consensus among 5 polled investment analysts is to hold stock in Fortescue Metals Group. This rating has held steady since November 2021, when it changed from a Sell consensus rating.
Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador and Argentina. Further, it provides port towage services. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.