Shares of Champion Iron Limited (TSE:CIA - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$5.22 and traded as high as C$5.57. Champion Iron shares last traded at C$5.55, with a volume of 54,681 shares trading hands.
Wall Street Analyst Weigh In
CIA has been the topic of a number of analyst reports. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an "outperform" rating in a research note on Thursday, January 2nd. TD Securities dropped their price objective on Champion Iron from C$8.00 to C$7.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Desjardins raised Champion Iron to a "moderate buy" rating in a research note on Thursday, October 31st.
Read Our Latest Stock Analysis on Champion Iron
Champion Iron Stock Performance
The firm's 50 day simple moving average is C$5.22 and its 200 day simple moving average is C$5.49. The firm has a market cap of C$2.80 billion, a PE ratio of 9.49, a PEG ratio of -1.35 and a beta of 1.39. The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65.
Champion Iron Company Profile
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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.
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