Champion Iron (TSE:CIA) Reaches New 1-Year Low - What's Next?

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$4.32 and last traded at C$4.37, with a volume of 45992 shares trading hands. The stock had previously closed at C$4.56.

Analyst Upgrades and Downgrades

CIA has been the subject of several recent research reports. Citigroup raised Champion Iron to a "strong-buy" rating in a research report on Sunday, January 19th. Scotiabank reduced their price target on Champion Iron from C$6.75 to C$6.50 and set a "sector perform" rating for the company in a research note on Thursday, January 30th. Raymond James lowered their price objective on shares of Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a research report on Wednesday. Finally, B. Riley raised Champion Iron to a "strong-buy" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$7.31.

Champion Iron Trading Down 8.9 %

The stock has a market capitalization of C$1.91 billion, a P/E ratio of 14.80, a P/E/G ratio of -1.35 and a beta of 1.39. The firm's 50 day simple moving average is C$4.91 and its two-hundred day simple moving average is C$5.28. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89.

Remove Ads

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.