Last A$0.14 AUD
Change Today +0.0025 / 1.79%
Volume 1.3M
AGO On Other Exchanges
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As of 10:17 PM 12/28/14 All times are local (Market data is delayed by at least 15 minutes).

atlas iron ltd (AGO) Snapshot

Open
A$0.14
Previous Close
A$0.14
Day High
A$0.14
Day Low
A$0.14
52 Week High
12/30/13 - A$1.21
52 Week Low
12/15/14 - A$0.13
Market Cap
131.0M
Average Volume 10 Days
10.6M
EPS TTM
A$0.02
Shares Outstanding
919.5M
EX-Date
09/10/14
P/E TM
7.9x
Dividend
A$0.02
Dividend Yield
14.29%
Current Stock Chart for ATLAS IRON LTD (AGO)

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atlas iron ltd (AGO) Details

Atlas Iron Limited, an independent iron ore company, is engaged in the exploration, development, mining, and sale of iron ore in the northern Pilbara region of Western Australia in Australia. The company primarily operates the Wodgina, Abydos, and Mt Webber DSO mines. It is also focused on the development and feasibility of its Horizon 2 projects, which include McPhee Creek. Atlas Iron Limited is headquartered in Perth, Australia.

300 Employees
Last Reported Date: 08/27/14

atlas iron ltd (AGO) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$914.2K
Chief Financial Officer
Total Annual Compensation: A$218.1K
Chief Operating officer
Total Annual Compensation: A$575.8K
Chief Commercial Officer
Total Annual Compensation: A$526.5K
Compensation as of Fiscal Year 2014.

atlas iron ltd (AGO) Key Developments

Atlas Iron to Cut 80 Job Cuts

Atlas Iron will cut 80 jobs as the embattled iron ore miner slashes costs amid weak iron ore prices. The job losses account for more than 11% of the company's 700 strong workforce in the Pilbara. The job losses were an inevitable result of the sharp falls in the iron ore price, which is down 50% for the year to around USD 70 per tone. The job cuts would not affect Atlas Iron's current or future production levels, nor its 2015 full year production guidance.

Atlas Iron Limited Announces Director Changes

Atlas Iron Limited announced that Geoff Simpson has offered to and has resigned as Non-executive Director to enable him to focus on his increasing obligations as a senior partner in a major law firm. Mark Hancock has likewise offered to step down from the Board but will remain an executive with the Company as Chief Commercial Officer. The resignation of a Non-executive Director (independent) and an Executive Director (non-independent) ensures that the Atlas Board does not comprise a majority of non-independent directors. Kerry Sanderson AO, resigned in September 2014 as Non-executive Director of Atlas following her appointment as Governor of Western Australia. The three resignations reduce the number of Atlas' Directors from 9 to 6.

Atlas Iron Provides Production and Capital Expenditure Guidance for the Fiscal Year 2015

Atlas Iron expects to produce 12.4 to 13 million tonnes in fiscal 2015, up from its previous guidance of 12.2 to 12.8 million tonnes. For the full year 2015 capital expenditure will be slashed from $125 million to $94 million as the company eliminates, defers and reduces the cost of its projects.

 

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AGO Competitors

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Company Last Change
BC Iron Ltd A$0.49 AUD +0.03
Grange Resources Ltd A$0.11 AUD -0.005
Highland Gold Mining Ltd 26.75 GBp +0.75
Mount Gibson Iron Ltd A$0.25 AUD +0.005
Petropavlovsk PLC 6.24 GBp -0.06
View Industry Companies
 

Industry Analysis

AGO

Industry Average

Valuation AGO Industry Range
Price/Earnings 6.4x
Price/Sales 0.1x
Price/Book 0.1x
Price/Cash Flow 4.9x
TEV/Sales NM Not Meaningful
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