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

Key Points

• Champion Iron Limited (TSE:CIA) has received a consensus recommendation of "Buy" from six analysts, with one hold rating, three buy ratings, and two strong buy ratings.
• The average twelve-month price target for Champion Iron's stock is C$6.00, according to recent brokerage reports.
• Shares of Champion Iron recently opened at C$4.11, with a market cap of C$2.19 billion and a P/E ratio of 25.69.

Champion Iron Limited (TSE:CIA - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$6.00.

CIA has been the topic of a number of research reports. TD Securities dropped their target price on shares of Champion Iron from C$5.50 to C$5.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. CLSA upgraded shares of Champion Iron to a "hold" rating in a research report on Friday, May 30th.

Champion Iron Stock Up 0.7%

Shares of TSE:CIA opened at C$4.11 on Friday. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. Champion Iron has a 1-year low of C$3.29 and a 1-year high of C$6.90. The firm has a fifty day moving average price of C$4.01 and a 200 day moving average price of C$4.12. The stock has a market cap of C$2.19 billion, a P/E ratio of 25.69, a P/E/G ratio of -1.35 and a beta of 0.70.

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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