Champion Iron Ltd. (CIA – Research Report), the Materials sector company, has received a rating update from a Wall Street analyst today. The Materials company, Champion Iron Ltd. (TSX: CIA) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Bairstow is a 1-star analyst with an average return of -2.3% and a 38.8% success rate. Bairstow covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Fortescue Metals Group Ltd, and Sandfire Resources Limited.
Currently, the analyst consensus on Champion Iron Ltd. is a Strong Buy with an average price target of C$6.96, which is a 25.4% upside from current levels. In a report issued on October 12, Scotiabank also maintained a Buy rating on the stock with a C$6.50 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 295.9K.
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$5.76.
Read More on TSE:CIA:
