Champion Iron (OTCMKTS:CIAFF) was downgraded by research analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “neutral” rating to a “sell” rating in a research note issued to investors on Tuesday, Stock Target Advisor reports.
Other equities research analysts have also recently issued research reports about the stock. Raymond James lifted their price target on shares of Champion Iron from $7.00 to $7.25 and gave the company an “outperform” rating in a research note on Thursday, April 29th. Citigroup lowered shares of Champion Iron from a “neutral” rating to a “sell” rating in a research report on Tuesday. B. Riley upped their price target on shares of Champion Iron from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Champion Iron in a research note on Monday, April 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.13.
OTCMKTS CIAFF traded up $0.08 during trading hours on Tuesday, reaching $5.43. 10,100 shares of the stock traded hands, compared to its average volume of 25,254. Champion Iron has a 1 year low of $1.13 and a 1 year high of $5.52.
Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in North-Eastern Quebec. Its flagship project include the Bloom Lake mine, which consists of BM877 mining lease covering an area of 6,857.63 ha and 53 mining claims comprising an area of approximately 2,458.29 ha located in Quebec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.
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