---
title: "Fortescue Metals Group Ltd (FSUMF): New Buy Recommendation for This Basic Materials Giant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294623760.md"
description: "Ord Minnett analyst maintained a Buy rating on Fortescue Metals Group Ltd today and set a price target of A$20.00.Claim 55% Off TipRanks Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a A$18.88 average price target."
datetime: "2026-08-03T01:05:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294623760.md)
  - [en](https://longbridge.com/en/news/294623760.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294623760.md)
generator: "portal-rs"
---

# Fortescue Metals Group Ltd (FSUMF): New Buy Recommendation for This Basic Materials Giant

Ord Minnett analyst maintained a Buy rating on Fortescue Metals Group Ltd today and set a price target of A$20.00.

### Claim 55% Off TipRanks

-   Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
-   Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

The word on The Street in general, suggests a Hold analyst consensus rating for Fortescue Metals Group Ltd with a A$18.88 average price target.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**