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

Champion Iron Limited (TSE:CIA - Get Free Report) has earned an average recommendation of "Buy" from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$7.06.

A number of research firms have issued reports on CIA. B. Riley raised Champion Iron to a "strong-buy" rating in a research report on Tuesday, January 21st. Desjardins raised shares of Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Raymond James cut their price target on Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Citigroup upgraded Champion Iron to a "strong-buy" rating in a research note on Sunday, January 19th. Finally, Scotiabank raised Champion Iron from a "sector perform" rating to an "outperform" rating and reduced their target price for the company from C$6.00 to C$5.50 in a report on Monday, April 7th.

Champion Iron Trading Up 1.5 %

Shares of Champion Iron stock opened at C$4.08 on Monday. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. The stock has a fifty day simple moving average of C$4.28 and a 200 day simple moving average of C$4.93. Champion Iron has a 12-month low of C$3.29 and a 12-month high of C$7.11. The company has a market capitalization of C$2.11 billion, a P/E ratio of 16.32, a price-to-earnings-growth 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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