One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Fortescue Metals Group Limited (FSUGY - Free Report) . This Mining - Iron industry stock has actually seen estimates rise over the past month for the current fiscal year by about 37.9%. But that is not yet reflected in its price, as the stock lost 4.9% over the same time frame.
FORTESCUE METAL Price and Consensus
FORTESCUE METAL Price and Consensus | FORTESCUE METAL Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 156.9%, which should ultimately translate into price appreciation.
And if this isn’t enough, FSUGY currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
One such company that looks well positioned for a solid gain,...
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |