Alderon Iron Ore Corp Price Target Raised to C$3.30 at Scotiabank (ADV)
Scotiabank lifted their target price on shares of Alderon Iron Ore Corp (CVE:ADV) from C$3.10 to C$3.30 in a research note issued on Wednesday, American Banking News reports. Scotiabank’s price target would indicate a potential upside of 120.00% from the company’s current price.
Shares of Alderon Iron Ore Corp (CVE:ADV) remained flat at $1.50 during during mid-day trading trading on Wednesday. 171,968 shares of the company’s stock traded hands. Alderon Iron Ore Corp has a 52 week low of $0.88 and a 52 week high of $1.68. The stock’s 50-day moving average is $1.27 and its 200-day moving average is $1.16.
Alderon Iron Ore Corp., formerly Alderon Resource Corp., is an exploration-stage company engaged in the exploration and evaluation of mineral resource properties.
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