Globe says Con Thompson, Baffinland rated "buy"

Consolidated Thompson Iron Mines Ltd (C:CLM)
Shares Issued 230,245,545
Last Close 3/16/2010 $8.75
Wednesday March 17 2010 - In the News

Also Baffinland Iron Mines Corp (C:BIM) In the News

The Globe and Mail reports in its Wednesday, March 17, edition that Consolidated Thompson Iron Mines gave back six cents to finish Tuesday on the Toronto Stock Exchange at $8.75 (all figures Canadian unless otherwise stated). The Globe's Allan Robinson writes in the Eye On Equities column that Consolidated Thompson Iron Mines stock has a 52-week range of $2.15 to $9.21. Unnamed Desjardins Securities analysts say iron ore prices are likely to remain strong, as a result of an increase in Chinese steel production and lower shipments from India, settling around $110 (U.S.) a tonne, compared with a long-term forecast of $80 (U.S.). The share price targets for "buy" rated Consolidated Thompson Iron Mines and Baffinland Iron Mines are $10.50 and 84 cents. Baffinland stock closed unchanged Tuesday on the TSX at 60 cents. The stock has a one-year range of 18 cents to 74 cents. Sentry Select Capital portfolio manager Andrew McCreath said buy Consolidated Thompson in The Globe on Aug. 19 when it could be had for $4.68. The Globe's Andrew Willis wrote a bullish piece on Consolidated Thompson in the Streetwise column on May 27 when the stock could be had for $2.99.