Champion Iron Limited (TSE:CIA) Receives Consensus Rating of "Buy" from Brokerages

Champion Iron Limited (TSE:CIA - Get Free Report) has earned a consensus recommendation of "Buy" from the six research firms that are covering the stock, Marketbeat reports. One equities research 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 1-year target price among analysts that have covered the stock in the last year is C$6.67.

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

Champion Iron Price Performance

CIA opened at C$4.19 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$6.90. The company has a fifty day simple moving average of C$3.93 and a 200 day simple moving average of C$4.41. The stock has a market cap of C$2.17 billion, a P/E ratio of 16.76, a P/E/G ratio of -1.35 and a beta of 1.39.

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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