Shares of Champion Iron Limited (TSE:CIA - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.21 and traded as low as C$5.15. Champion Iron shares last traded at C$5.21, with a volume of 340,758 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Citigroup raised Champion Iron to a "strong-buy" rating in a report on Sunday, January 19th. Raymond James set a C$8.00 price objective on Champion Iron and gave the company an "outperform" rating in a research report on Thursday, January 2nd. Scotiabank reduced 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 report on Thursday, January 30th. B. Riley raised Champion Iron to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, TD Securities dropped their price objective on Champion Iron from C$8.00 to C$7.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Champion Iron presently has an average rating of "Buy" and a consensus price target of C$7.44.
View Our Latest Stock Analysis on Champion Iron
Champion Iron Stock Performance
The business's 50 day simple moving average is C$5.20 and its two-hundred day simple moving average is C$5.41. The firm has a market capitalization of C$2.82 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89.
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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