Fortescue Metals Upgraded to Zacks Rank (Strong buy)
Matterofspace016 Feb, 2024Business
Fortescue is a renowned integrated green technology, energy, and metals firm in Western Australia. Throughout the previous 12 months, the share price of Fortescue Metals Group Limited (ASX: FMG) has increased. While earnings in the Metals & Mining sector grew at 22.2% yearly, Fortescue?s earnings have been expanding at an average annual rate of 22.2%. The average annual growth rate of revenues has been 17.8%. Fortescue has net margins of 28.4% and a return on equity of 26.6%.
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