Mount Gibson Iron Limited Stock Rating Lowered by Credit Suisse (MGX)
Mount Gibson Iron Limited (ASX:MGX) was downgraded by research analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a report released on Thursday, Analyst Ratings Network.com reports. They currently have a $157.00 price target on the stock.
A number of other firms have also recently commented on MGX. Analysts at CIMB reiterated an “outperform” rating on shares of Mount Gibson Iron Limited (ASX:MGX) in a research note to investors on Wednesday. They now have a $93.00 price target on the stock.
Shares of Mount Gibson Iron Limited (ASX:MGX) traded down 1.19% on Thursday, hitting A$0.830. The stock had a trading volume of 7,965 shares. Mount Gibson Iron Limited has a one year low of A$0.000 and a one year high of A$0.000. The stock has a 50-day moving average of A$0.68 and a 200-day moving average of A$0.56. The company has a market cap of A$905.2 million and a price-to-earnings ratio of 5.83.
Mount Gibson Iron Limited (ASX:MGX) is engaged in mining of hematite deposits at Tallering Peak; mining of hematite deposits at Koolan Island; mining of hematite deposits at Extension Hill, and exploration and development of hematite deposits at Koolan Island and in the Mid-West region of Western Australia.
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