Fortescue (OTCMKTS:FSUGY) Reaches New 52-Week High – Should You Buy?

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $31.1150 and last traded at $30.76, with a volume of 4713 shares changing hands. The stock had previously closed at $30.28.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered Fortescue from a “hold” rating to an “underperform” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Fortescue Stock Performance

The company has a current ratio of 2.43, a quick ratio of 1.84 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $29.82 and a 200 day moving average price of $27.07.

About Fortescue

Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.

Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.