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Mount Gibson Iron Limited (ASX:MGX) was upgraded by equities research analysts at Morningstar from a “reduce” rating to a “hold” rating in a research note issued to investors on Sunday, American Banking reports.

Mount Gibson Iron Limited (ASX:MGX) opened at 1.040 on Friday. Mount Gibson Iron Limited has a 52-week low of A$0.405 and a 52-week high of A$1.130. The stock has a 50-day moving average of A$1.00 and a 200-day moving average of A$0.83. The company has a market cap of A$1.134 billion and a price-to-earnings ratio of 6.67.

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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