Champion Iron Ltd. (CIA – Research Report) has received a rating update from a Wall Street analyst on October 4. RBC Capital’s analyst Sam Crittenden reiterates their Buy rating on the shares, with a C$8.00 price target.
According to TipRanks.com, Crittenden is a 5-star analyst with an average return of 17.8% and a 52.6% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Freeport-McMoRan, and Capstone Copper.
Champion Iron Ltd. has an analyst consensus of Strong Buy, with a price target consensus of C$7.20, a 38.5% upside from current levels. In a report issued on September 27, Jarden also maintained a Buy rating on the stock with a A$7.33 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 287.2K.
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 Thursday at C$5.14.
