Jefferies (NYSE:JEF) analyst Mitch Ryan maintained a Hold rating on Fortescue Metals Group (OTC:FSUGY) Ltd on Tuesday, setting a price target of 14, which is approximately 2.87% below the present share price of $10.8.
Ryan expects Fortescue Metals Group Ltd to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Hold rating of shares in Fortescue Metals Group, with an average price target of $14.74.
The analysts price targets range from a high of $20.98 to a low of $10.49.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of $0. The company's market cap is $33.25 billion.
According to TipRanks.com, Jefferies analyst Mitch Ryan is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 14.8% and a 66.67% success rate.
Fortescue Metals Group Ltd. engages in the development of iron ore deposits. It operates through the China and Other geographical segments. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron Bridgen and copper-gold exploration. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.