The Materials sector company, Champion Iron Ltd. (CIA – Research Report), has received a rating update from a Wall Street analyst on June 16. Champion Iron Ltd. (TSX: CIA), the Materials sector company has received a rating update from a Wall Street analyst on June 16.
According to TipRanks.com, Young is a 5-star analyst with an average return of 17.5% and a 70.1% success rate. Young covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Sandfire Resources Limited, and Lynas Rare Earths Limited.
Champion Iron Ltd. has an analyst consensus of Strong Buy, with a price target consensus of C$7.27, which is a 24.5% upside from current levels. In a report issued on June 1, CLSA also maintained a Buy rating on the stock with a A$6.90 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 331.2K.
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 Monday at C$5.78.
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