Champion Iron (OTCMKTS:CIAFF) was downgraded by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from a “neutral” rating to a “sell” rating in a report released on Tuesday, Stock Target Advisor reports.
CIAFF has been the subject of a number of other reports. Scotiabank reissued an “outperform” rating on shares of Champion Iron in a report on Monday, April 12th. Raymond James increased their price target on Champion Iron from $7.00 to $7.25 and gave the company an “outperform” rating in a research report on Thursday, April 29th. B. Riley upped their target price on shares of Champion Iron from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. Finally, Citigroup lowered shares of Champion Iron from a “neutral” rating to a “sell” rating in a research report on Tuesday. 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 target price of $7.13.
Shares of Champion Iron stock traded up $0.08 during trading hours on Tuesday, reaching $5.43. The company’s stock had a trading volume of 10,100 shares, compared to its average volume of 25,254. Champion Iron has a one year low of $1.13 and a one 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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