Champion Iron Limited (TSE:CIA) Receives C$6.00 Consensus Target Price from Analysts

Key Points

• Champion Iron Limited has received an average recommendation of "Buy" from six research firms, with one hold rating, three buy ratings, and two strong buy ratings.
• The average target price for Champion Iron among analysts is C$6.00, reflecting positive expectations for the stock over the next year.
• The company's stock trades at C$3.96 with a 12-month high of C$6.90, indicating potential for growth in value.

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have earned an average recommendation of "Buy" from the six brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$6.00.

Several equities research analysts have issued reports on the company. CLSA upgraded Champion Iron to a "hold" rating in a research report on Friday, May 30th. TD Securities lowered their price objective on 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.

Champion Iron Stock Performance

Shares of TSE:CIA traded up C$0.07 during trading on Wednesday, hitting C$3.88. 286,771 shares of the company were exchanged, compared to its average volume of 433,380. The company has a market cap of C$2.01 billion, a PE ratio of 15.52, a P/E/G ratio of -1.35 and a beta of 1.39. The stock has a 50 day moving average of C$3.95 and a 200 day moving average of C$4.24. Champion Iron has a 52-week low of C$3.29 and a 52-week high of C$6.90. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01.

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.