Fortescue share price: costs bite, Jefferies trims target — what to watch before ASX reopens
Fortescue closed at A$21.51 Friday, up 0.14% after a sharp drop the previous day. Jefferies cut its price target to A$18.4, citing unit costs 6% above consensus. Fortescue shipped a record 100.2 Mt in the half, with C1 costs at US$18.64/wmt. The company maintained its 2026 guidance and reported US$4.7 billion cash on hand.