01/09/2009 11:56AM AGO - Atlas Iron Atlas Iron has reported largely in line with expectations and Merrill has lifted earnings estimates 5% in FY11 and 3% in FY12.
The broker maintains its Buy rating and $2.50 target price.
Target price is $2.50 Current Price is $1.62 Difference :$0.89 - (brackets indicate current price is over target). If AGO meets the BA-Merrill Lynch target it will return approximately 55% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
BA-Merrill Lynch forecasts a full year FY09 dividend of 0.00 cents and EPS of 20.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.84.
Market Sentiment: 1.0
AGO Price at posting:
$1.65 Sentiment: LT Buy Disclosure: Held
