Champion Iron (TSE:CIA - Get Free Report) was upgraded by investment analysts at Desjardins to a "moderate buy" rating in a report issued on Friday,Zacks.com reports.
CIA has been the subject of a number of other reports. Citigroup upgraded Champion Iron to a "strong-buy" rating in a research note on Sunday, January 19th. Scotiabank cut their price target on Champion Iron from C$6.75 to C$6.50 and set a "sector perform" rating on the stock in a research note on Thursday, January 30th. Raymond James lowered their price objective on Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, B. Riley upgraded shares of Champion Iron to a "strong-buy" rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$7.06.
View Our Latest Stock Report on CIA
Champion Iron Price Performance
CIA stock traded down C$0.15 during trading on Friday, reaching C$3.62. 517,904 shares of the company were exchanged, compared to its average volume of 450,031. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. The company has a 50-day moving average of C$4.75 and a two-hundred day moving average of C$5.22. Champion Iron has a twelve month low of C$3.29 and a twelve month high of C$7.11.
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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