Champion Iron (TSE:CIA) PT Set at C$8.00 by Raymond James

Raymond James set a C$8.00 price target on Champion Iron (TSE:CIA - Free Report) in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on CIA. Desjardins raised Champion Iron to a "moderate buy" rating in a report on Thursday, October 31st. TD Securities lowered their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a "buy" rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Champion Iron presently has an average rating of "Moderate Buy" and a consensus target price of C$8.10.

Champion Iron Price Performance

Shares of Champion Iron stock traded up C$0.13 during trading on Thursday, reaching C$5.31. 194,193 shares of the stock traded hands, compared to its average volume of 359,196. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. The company has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of -1.35 and a beta of 1.39. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.77. The business has a fifty day simple moving average of C$5.29 and a two-hundred day simple moving average of C$5.55.

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.