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Home / Momentum / Ferrexpo (FXPO.L) 08-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Ferrexpo (FXPO.L) 08-04-20

Will shares in Ferrexpo (FXPO.L) continue to push upwards, reaching new highs?

  • Now trading at 134.8p (at time of writing), the share price momentum has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Shares -55% from 12-month highs; +32% from 12 month lows.

Latest News

07 Apr:  Credit Suisse reiterates its outperform rating on Ferrexpo (FXPO) and reduced the target price to 190p (from 200p).

07 Apr:  Ferrexpo, the iron ore miner,  announced that it anticipated higher Q1 sales as a result of a 7% jump in pellet production.  Management announced that it expected sales within Q1 to rise to around 2.6m.

18 Mar:  Ferrexpo posted an increase in earnings, driven by better sales at higher prices.  For the year ended 31 December 2019, pre-tax earnings jumped by 18% to $459.6m.

31 Jan:  Ferrexpo said a Ukrainian court had frozen its stake in Ferrexpo Poltava Mining amid a corruption probe into Kostyantin Zhevago, who temporarily stepped down as the company’s CEO last…

15 Jan:  Barclays Capital reiterates its underweight rating on Ferrexpo (FXPO) and increased the target price to 140p (from 110p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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