AGO atlas iron limited
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Never listen to analyst recommendations. No need to look around,...

  1. RiverSheep
    252 Posts.
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    22/06/13
    16:36
    Post #: 11916176
    Never listen to analyst recommendations. No need to look around, analyst consensus had AGO at strong buy when it was trading near $4, when forward P/E was over 40 back then. Surely enough the P/E didn't lie, the analysts lied, AGO was about 4x overvalued back then. Same goes for NCM, I never understood why people would pay P/E 40 for a gold miner that keeps downgrading production and increasing cost.
    AGO Price at posting: 74.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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