Champion Iron (OTCMKTS:CIAFF) Given New C$8.50 Price Target at Scotiabank

Champion Iron (OTCMKTS:CIAFFGet Rating) had its target price lifted by stock analysts at Scotiabank from C$7.50 to C$8.50 in a report released on Wednesday, The Fly reports.

A number of other research firms have also weighed in on CIAFF. Raymond James raised their price objective on shares of Champion Iron from C$7.25 to C$7.50 in a research note on Friday, January 28th. TD Securities lifted their price target on shares of Champion Iron from C$7.00 to C$8.50 in a research note on Friday, March 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.50.

OTCMKTS:CIAFF traded up $0.15 on Wednesday, reaching $5.67. 15,167 shares of the stock traded hands, compared to its average volume of 22,242. Champion Iron has a 12 month low of $2.94 and a 12 month high of $6.02. The company’s fifty day simple moving average is $5.05 and its 200 day simple moving average is $4.13.

Champion Iron Company Profile (Get Rating)

Champion Iron Ltd. engages in the production, exploration, and development of iron ore properties. Its portfolio includes Bloom Lake and Consolidated Fire Lake North. The company was founded on May 18, 2006 and is headquartered in Montreal, Canada.

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Analyst Recommendations for Champion Iron (OTCMKTS:CIAFF)

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