Champion Iron Limited (TSE:CIA) Receives Average Recommendation of "Buy" from Brokerages

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.

Champion Iron Limited (TSE:CIA - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$6.00.

A number of analysts recently weighed in on the stock. CLSA upgraded shares of Champion Iron to a "hold" rating in a report on Friday, May 30th. TD Securities reduced their target price on shares of Champion Iron from C$5.50 to C$5.00 and set a "buy" rating for the company in a report on Thursday, July 31st.

Champion Iron Price Performance

TSE CIA opened at C$3.96 on Wednesday. Champion Iron has a 12 month low of C$3.29 and a 12 month 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. The firm has a market capitalization of C$2.05 billion, a PE ratio of 15.84, a P/E/G ratio of -1.35 and a beta of 1.39. The company's 50 day simple moving average is C$3.96 and its 200 day simple moving average is C$4.27.

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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