Champion Iron Limited (TSE:CIA) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$7.06.

A number of research analysts recently issued reports on CIA shares. Scotiabank upgraded shares of Champion Iron from a "sector perform" rating to an "outperform" rating and decreased their price objective for the company from C$6.00 to C$5.50 in a report on Monday, April 7th. Raymond James Financial reduced 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. Desjardins upgraded shares of Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Finally, CLSA upgraded shares of Champion Iron to a "hold" rating in a report on Friday, May 30th.

Champion Iron Stock Up 2.3%

Shares of TSE CIA opened at C$3.58 on Tuesday. The stock has a market cap of C$1.85 billion, a P/E ratio of 14.32, a P/E/G ratio of -1.35 and a beta of 1.39. The firm has a 50 day moving average price of C$3.94 and a 200 day moving average price of C$4.59. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. Champion Iron has a 52-week low of C$3.29 and a 52-week high of C$6.90.

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.

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