Champion Iron Limited (TSE:CIA) Receives C$7.06 Average PT from Brokerages

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have earned an average rating of "Buy" from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$7.06.

CIA has been the topic of a number of recent research reports. Desjardins upgraded shares of Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Raymond James reduced their price objective on Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. B. Riley upgraded Champion Iron to a "strong-buy" rating in a research note on Tuesday, January 21st. Scotiabank raised Champion Iron from a "sector perform" rating to an "outperform" rating and cut their target price for the stock from C$6.00 to C$5.50 in a research note on Monday, April 7th. Finally, Citigroup raised Champion Iron to a "strong-buy" rating in a research report on Sunday, January 19th.

Champion Iron Stock Up 3.2 %

Shares of Champion Iron stock traded up C$0.12 during trading on Thursday, hitting C$3.82. The company's stock had a trading volume of 214,360 shares, compared to its average volume of 465,845. Champion Iron has a 52 week low of C$3.29 and a 52 week high of C$7.11. The company has a market capitalization of C$1.97 billion, a PE ratio of 15.28, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a fifty day simple moving average of C$4.65 and a two-hundred day simple moving average of C$5.15. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28.

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.