RBC Capital Keeps Their Buy Rating on Champion Iron (CIA)
RBC Capital analyst Sam Crittenden maintained a Buy rating on Champion Iron (CIA – Research Report) yesterday and set a price target of C$8.00.
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Crittenden covers the Basic Materials sector, focusing on stocks such as Teck Resources, Ivanhoe Mines, and Capstone Copper. According to TipRanks, Crittenden has an average return of 16.4% and a 54.25% success rate on recommended stocks.
In a report released on May 1, Citi also maintained a Buy rating on the stock with a A$7.30 price target.
The company has a one-year high of C$7.11 and a one-year low of C$3.29. Currently, Champion Iron has an average volume of 420.5K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CIA in relation to earlier this year.
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