Atlas Iron Limited Rating Reiterated by Hartley’s Research (AGO)
Atlas Iron Limited (ASX:AGO)‘s stock had its “buy” rating restated by stock analysts at Hartley’s Research in a report issued on Tuesday, American Banking & Market News reports. They currently have a $1.15 target price on the stock.
Atlas Iron Limited (ASX:AGO) traded down 0.59% during mid-day trading on Tuesday, hitting A$0.840. 5,175,211 shares of the company’s stock traded hands. Atlas Iron Limited has a 1-year low of A$0.685 and a 1-year high of A$1.240. The stock’s 50-day moving average is A$0.94 and its 200-day moving average is A$1.04. The company has a market cap of A$769.0 million and a price-to-earnings ratio of 8.89.
A number of other analysts have also recently weighed in on AGO. Analysts at RBC Capital upgraded shares of Atlas Iron Limited from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 22nd. They now have a $1.30 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of A$1.20 ($1.11).
Atlas Iron Limited is engaged in the exploration, development and mining and sale of iron ore. The principal activity the Company is the operation of the Pardoo, Wodgina and Mt Dove iron ore mines and the development of the mines at Abydos and Mt Webber in the Pilbara region in Western Australia.
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