Shares of Champion Iron Limited (TSE:CIA - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.65 and traded as low as C$5.27. Champion Iron shares last traded at C$5.30, with a volume of 205,011 shares trading hands.
Analyst Ratings Changes
CIA has been the subject of a number of recent research reports. TD Securities lowered 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. Desjardins upgraded Champion Iron to a "moderate buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$8.10.
View Our Latest Report on Champion Iron
Champion Iron Stock Performance
The company's 50 day simple moving average is C$5.53 and its 200 day simple moving average is C$5.64. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The stock has a market cap of C$2.75 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39.
About Champion Iron
(
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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.
Further Reading
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