Champion Iron Limited (TSE:CIA) Receives C$7.06 Consensus Target Price from Analysts

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have been given a consensus rating of "Buy" by the five brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$7.06.

Several research analysts have weighed in on CIA shares. Scotiabank upgraded shares of Champion Iron from a "sector perform" rating to an "outperform" rating and lowered their price objective for the stock from C$6.00 to C$5.50 in a report on Monday, April 7th. Desjardins upgraded shares of Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Finally, Raymond James lowered their price objective on shares of Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

Champion Iron Stock Down 1.3%

TSE CIA traded down C$0.05 on Friday, hitting C$3.86. 423,803 shares of the company were exchanged, compared to its average volume of 416,755. The company has a market cap of C$1.99 billion, a PE ratio of 15.44, a PEG ratio of -1.35 and a beta of 1.39. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$6.90. The stock has a fifty day moving average of C$4.00 and a 200-day moving average of C$4.73. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89.

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.