Champion Iron Ltd. (CIA – Research Report), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Jon Bishop from Jarden remains bullish on the stock and has an A$7.33 price target.
According to TipRanks.com, Bishop is ranked #3811 out of 8548 analysts.
Currently, the analyst consensus on Champion Iron Ltd. is a Strong Buy with an average price target of C$7.15.
Based on Champion Iron Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$297 million and net profit of C$16.66 million. In comparison, last year the company earned revenue of C$311 million and had a net profit of C$105 million.
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 Wednesday at C$5.19.
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