Fortescue up as Macquarie sees FY24 iron ore shipments to beat market consensus
** Shares of Australia's Fortescue FMG.AX rise as much as 1.7% to A$21.93
** Stock set for best intraday pct gain since June 25
** Analysts at Macquarie expect the mining giant's FY24 iron ore shipments to be 3% ahead of market consensus
** Sees Fortescue to record 4Q shipments of 53.4 million tons (mt), a quarterly record
** Brokerage however forecasts FY24 shipments to be at 191 mt, which is marginally below the lower end of FMG's guided shipment range of 192-197 mt
** Stock has fallen 25.7% this year as of last close
Reporting by Rishav Chatterjee in Bengaluru
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