Analyst Price Target is $16.90
▲ +25.43% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Fortescue Metals Group in the last 3 months. The average price target is $16.90, with a high forecast of $17.10 and a low forecast of $16.70. The average price target represents a 25.43% upside from the last price of $13.47.
Current Consensus is
Hold
The current consensus among 2 contributing investment analysts is to hold stock in Fortescue Metals Group. This rating has held steady since March 2022, when it changed from a Sell consensus rating.
Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the following segments: Iron Ore, Fortescue Future Industries (FFI), and Corporate. The Iron Ore segments comprises of the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals. The FFI segment consists of undertaking activities in the global development of green electricity, green hydrogen and green ammonia projects. The Corporate segment refers to cash, debt and tax balances which are managed at a Group level, together with other corporate activities. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.
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