Ferrexpo (LON:FXPO) Shares Up 8.1% – Still a Buy?

Ferrexpo plc (LON:FXPO) was up 8.1% on Saturday . The company traded as high as GBX 58.80 and last traded at GBX 57.70. Approximately 9,290,895 shares changed hands during mid-day trading, an increase of 158% from the average daily volume of 3,597,335 shares. The stock had previously closed at GBX 53.40.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “hold” rating and set a GBX 53 target price on shares of Ferrexpo in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 53.

Ferrexpo Price Performance

The firm has a market cap of £339.50 million, a P/E ratio of -1.13, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is GBX 54 and its two-hundred day moving average is GBX 53.13.

About Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.