Champion Iron (TSE:CIA) Sets New 12-Month Low - What's Next?

Champion Iron Limited (TSE:CIA - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as C$4.40 and last traded at C$4.51, with a volume of 875070 shares trading hands. The stock had previously closed at C$4.73.

Wall Street Analyst Weigh In

Several research firms have recently commented on CIA. B. Riley raised shares of Champion Iron to a "strong-buy" rating in a research note on Tuesday, January 21st. Scotiabank dropped their target price on Champion Iron from C$6.75 to C$6.50 and set a "sector perform" rating for the company in a research report on Thursday, January 30th. Raymond James set a C$8.00 price target on Champion Iron and gave the company an "outperform" rating in a report on Thursday, January 2nd. Finally, Citigroup raised Champion Iron to a "strong-buy" rating in a report on Sunday, January 19th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$7.44.

Champion Iron Stock Up 3.0 %

The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The firm has a market cap of C$2.45 billion, a P/E ratio of 18.96, a P/E/G ratio of -1.35 and a beta of 1.39. The business has a fifty day moving average of C$5.08 and a 200 day moving average of C$5.35.

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.

Remove Ads