RBC Capital analyst Sam Crittenden maintained a Buy rating on Champion Iron Ltd. (CIA – Research Report) on November 7 and set a price target of C$8.00. The company’s shares closed yesterday at C$5.64.
According to TipRanks, Crittenden is a 5-star analyst with an average return of 23.0% and a 63.00% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Teck Resources, and Ivanhoe Mines.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Champion Iron Ltd. with a C$6.77 average price target, representing a 20.04% upside. In a report released on November 4, Goldman Sachs also maintained a Buy rating on the stock with a A$7.50 price target.
Based on Champion Iron Ltd.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$350.98 million and a net profit of C$19.81 million. In comparison, last year the company earned a revenue of C$387.57 million and had a net profit of C$59.09 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CIA in relation to earlier this year.
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Champion Iron Ltd. (CIA) Company Description:
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.
