Champion Iron Ltd. (CIA – Research Report), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Paul McTaggart from Citi reiterated a Buy rating, with an A$8.40 price target.
According to TipRanks.com, McTaggart is a 5-star analyst with an average return of 15.4% and a 55.8% success rate. McTaggart covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Sandfire Resources Limited, and Lynas Rare Earths Limited.
Currently, the analyst consensus on Champion Iron Ltd. is a Strong Buy with an average price target of C$7.57, representing a 43.9% upside. In a report issued on May 31, Goldman Sachs also maintained a Buy rating on the stock with a A$8.20 price target.
The company has a one-year high of C$7.60 and a one-year low of C$3.99. Currently, Champion Iron Ltd. has an average volume of 356.1K.
Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.
The company’s shares closed last Friday at C$5.49.
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