Credit Suisse restated their outperform rating on shares of Atlas Iron (ASX:AGO) in a research note issued to investors on Thursday, StockRatingsNetwork.com reports.
Credit Suisse has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares of Yrc Worldwide. They issued an underperform rating on that stock and set a $7.00 price target. Also, Credit Suisse reiterated its outperform rating on shares of Rio Tinto. Finally, Credit Suisse raised its price target on shares of Magellan Midstream from $59.00 to $67.00.
Shares of Atlas Iron (ASX: AGO) traded down 4.71% during mid-day trading on Thursday, hitting A$0.810. Atlas Iron has a one year low of A$0.685 and a one year high of A$1.945. The stock’s 50-day moving average is currently A$0.79. The company’s market cap is A$736.9 million.
A number of other firms have also recently commented on AGO. Analysts at UBS AG reiterated a buy rating on shares of Atlas Iron in a research note to investors on Tuesday, July 9th. Finally, analysts at Bank of America Corp. reiterated a buy rating on shares of Atlas Iron in a research note to investors on Sunday, June 23rd.
One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Atlas Iron has an average rating of Hold and a consensus target price of A$1.20 ($1.11).
Atlas Iron Limited (ASX: AGO) is engaged in the exploration, development and mining of iron ore.