Atlas Iron Upgraded by RBC Capital to “Outperform” (AGO)
Atlas Iron (ASX:AGO) was upgraded by RBC Capital from a “sector perform” rating to an “outperform” rating in a research note issued on Monday, StockRatingsNetwork.com reports. The firm currently has a $1.30 price target on the stock.
A number of other analysts have also recently weighed in on AGO. Analysts at CIMB reiterated a “hold” rating on shares of Atlas Iron in a research note on Sunday, February 16th. They now have a $1.15 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of A$1.23 ($1.14).
Atlas Iron (ASX:AGO) traded up 1.02% on Monday, hitting A$0.990. 4,797,621 shares of the company’s stock traded hands. Atlas Iron has a 52 week low of A$0.685 and a 52 week high of A$1.240. The stock’s 50-day moving average is A$0.97 and its 200-day moving average is A$1.04. The company has a market cap of A$906.3 million and a P/E ratio of 10.32.
Atlas Iron Limited (ASX:AGO) is engaged in the exploration, development and mining of iron ore.
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