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Atlas Iron (ASX:AGO) was upgraded by investment analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a $1.30 price target on the stock.

Atlas Iron (ASX:AGO) traded down 2.03% on Tuesday, hitting A$0.965. The stock had a trading volume of 5,843,010 shares. 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$1.05. The company has a market cap of A$883.5 million and a P/E ratio of 10.37.

Several other analysts have also recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Atlas Iron has a consensus rating of “Buy” and a consensus price target of A$1.23 ($1.14).

Atlas Iron Limited (ASX:AGO) is engaged in the exploration, development and mining of iron ore.

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