Atlas Iron Limited Receives Buy Rating from Hartley’s Research (AGO)
Atlas Iron Limited (ASX:AGO)‘s stock had its “buy” rating reiterated by analysts at Hartley’s Research in a research report issued to clients and investors on Wednesday, Analyst Ratings.Net reports. They currently have a $1.15 target price on the stock.
Atlas Iron Limited (ASX:AGO) traded down 1.89% on Wednesday, hitting A$0.780. The stock had a trading volume of 5,466,763 shares. Atlas Iron Limited 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$0.93 and its 200-day moving average is A$1.03. The company has a market cap of A$714.1 million and a price-to-earnings ratio of 8.37.
Other equities research analysts have also recently issued reports about the stock. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of A$1.20 ($1.12).
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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