---
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)
---

# 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.

### Related Stocks

- [FSUGY.US](https://longbridge.com/en/quote/FSUGY.US.md)
- [FMG.AU](https://longbridge.com/en/quote/FMG.AU.md)

## Related News & Research

- [New Sell Rating for Fortescue Metals Group Ltd (FSUMF), the Basic Materials Giant](https://longbridge.com/en/news/294629023.md)
- [RBC Capital Sticks to Their Hold Rating for Fortescue Metals Group Ltd (FSUMF)](https://longbridge.com/en/news/294568112.md)
- [Polianta Ltd Invests $2 Million in Everest Group, Ltd. $EG](https://longbridge.com/en/news/295321168.md)
- [Morgan Stanley Remains a Sell on Deterra Royalties Ltd (DRR)](https://longbridge.com/en/news/295034271.md)
- [UBS Sticks to Its Hold Rating for Endeavour Group Ltd (EDV)](https://longbridge.com/en/news/295042509.md)