5 days ago
Champion Iron (CIA) Receives a Rating Update from a Top Analyst
In a report released yesterday, Dalton Baretto from Canaccord Genuity maintained a Buy rating on Champion Iron (CIA – Research Report), with a price target of C$6.00.
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Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources, Ivanhoe Mines, and Champion Iron. According to TipRanks, Baretto has an average return of 27.1% and a 56.68% success rate on recommended stocks.
In addition to Canaccord Genuity, Champion Iron also received a Buy from BMO Capital's Alexander Pearce in a report issued on May 29. However, yesterday, CLSA maintained a Hold rating on Champion Iron (TSX: CIA).
The company has a one-year high of C$6.90 and a one-year low of C$3.29. Currently, Champion Iron has an average volume of 417.1K.
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.
