Champion Iron (TSE:CIA) Hits New 1-Year Low - Here's Why

Champion Iron Limited (TSE:CIA - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$3.42 and last traded at C$3.51, with a volume of 206067 shares. The stock had previously closed at C$3.71.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. B. Riley upgraded Champion Iron to a "strong-buy" rating in a research report on Tuesday, January 21st. Raymond James decreased their target price on Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Citigroup raised Champion Iron to a "strong-buy" rating in a report on Sunday, January 19th. Scotiabank raised Champion Iron from a "sector perform" rating to an "outperform" rating and dropped their price target for the stock from C$6.00 to C$5.50 in a research note on Monday, April 7th. Finally, Desjardins upgraded Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$7.06.

Champion Iron Trading Up 0.5 %

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 business has a 50-day moving average of C$4.70 and a 200-day moving average of C$5.19. The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 14.72, a PEG ratio of -1.35 and a beta of 1.39.

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.