Today, an analyst has provided a rating update for the Materials sector company, Champion Iron Ord (CIA). Raymond James’ analyst Brian MacArthur reiterates their Buy rating on the shares, with a C$4 price target.
According to TipRanks.com, MacArthur is a 2-star analyst with an average return of 0.2% and a 45.1% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Osisko Gold Royalties Ltd, and Teck Resources Limited.
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Currently, the analyst consensus on Champion Iron Ord is a Strong Buy with an average price target of C$4.33, representing a 69.1% upside. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a C$4.50 price target.
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Based on Champion Iron Ord’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$8.82 million. In comparison, last year the company had a net profit of C$11.02 million.
The company’s shares closed on Thursday at C$2.56.
