Champion Iron Limited (TSE:CIA) Given Average Rating of "Buy" by Brokerages

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have earned a consensus rating of "Buy" from the five research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$7.44.

Several analysts have recently issued reports on the company. Citigroup upgraded Champion Iron to a "strong-buy" rating in a research report on Sunday, January 19th. Scotiabank cut their price objective on shares of Champion Iron from C$6.75 to C$6.50 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. Raymond James set a C$8.00 price objective on Champion Iron and gave the stock an "outperform" rating in a report on Thursday, January 2nd. Finally, B. Riley upgraded shares of Champion Iron to a "strong-buy" rating in a report on Tuesday, January 21st.

Champion Iron Price Performance

CIA traded down C$0.08 during midday trading on Friday, reaching C$4.87. 54,839 shares of the company's stock were exchanged, compared to its average volume of 403,752. Champion Iron has a 1-year low of C$4.35 and a 1-year high of C$7.11. The stock has a market capitalization of C$2.52 billion, a PE ratio of 19.48, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. The business's 50-day moving average price is C$5.06 and its 200 day moving average price is C$5.33.

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About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.