Toronto, ON / ACCESSWIRE / March 3, 2014 / Century Iron Mines Corp. is one of the largest iron ore companies in Canada, in terms of number of claims by area. The Company has four iron ore properties in Canada: in the provinces of Québec and Newfoundland & Labrador.
eResearch Corporation has issued an Update Report on Century Iron Mines, which continues to share the pressure experienced by the iron ore industry, while longer term prospects look better. Since the Company is expected to initiate production in late 2015/early 2016, the cloudy near-term outlook should not affect it and, in fact, it will be gearing up for production just as the industry outlook is expected to improve.
eResearch recommends the shares of Century Iron Mines Corporation as a Speculative Buy, with a twelve-month Target Price suggested in the range of $0.72 - $0.77.
Read the detailed update here: Century Iron Mines
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