Champion Iron Limited (TSE:CIA) Receives C$7.06 Average PT from Brokerages

Champion Iron Limited (TSE:CIA - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$7.06.

A number of brokerages have recently issued reports on CIA. Raymond James Financial cut their price target on shares of Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. CLSA raised Champion Iron to a "hold" rating in a research note on Friday, May 30th. Desjardins raised Champion Iron to a "moderate buy" rating in a research note on Friday, April 4th. Finally, Scotiabank raised shares of Champion Iron from a "sector perform" rating to an "outperform" rating and decreased their target price for the company from C$6.00 to C$5.50 in a research report on Monday, April 7th.

Champion Iron Price Performance

Shares of CIA stock traded up C$0.12 during trading hours on Tuesday, reaching C$3.80. The company had a trading volume of 496,949 shares, compared to its average volume of 427,044. Champion Iron has a 12-month low of C$3.29 and a 12-month high of C$6.90. The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 15.20, a PEG ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The stock has a fifty day moving average of C$3.93 and a 200-day moving average of C$4.55.

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.