Champion Iron Limited (TSE:CIA) Receives Average Rating of "Buy" from Analysts

Champion Iron Limited (TSE:CIA - Get Free Report) has received a consensus rating of "Buy" from the five analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$7.44.

Several research firms recently commented on CIA. Citigroup upgraded shares of Champion Iron to a "strong-buy" rating in a research note on Sunday, January 19th. B. Riley upgraded shares of Champion Iron to a "strong-buy" rating in a research note on Tuesday, January 21st. Raymond James set a C$8.00 price target on shares of Champion Iron and gave the company an "outperform" rating in a research note on Thursday, January 2nd. Desjardins raised shares of Champion Iron to a "moderate buy" rating in a report on Thursday, October 31st. Finally, Scotiabank decreased their target price 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.

Champion Iron Stock Performance

TSE CIA traded up C$0.03 on Wednesday, hitting C$5.35. 304,204 shares of the stock were exchanged, compared to its average volume of 425,944. Champion Iron has a 52 week low of C$4.65 and a 52 week high of C$7.11. The company has a market capitalization of C$2.76 billion, a PE ratio of 21.40, a P/E/G ratio of -1.35 and a beta of 1.39. The business's fifty day moving average is C$5.19 and its 200 day moving average is C$5.40. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01.

Champion Iron Company Profile

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.