Champion Iron Limited (TSE:CIA - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.68 and traded as low as C$3.97. Champion Iron shares last traded at C$4.00, with a volume of 676,290 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CIA shares. Raymond James cut 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 research note on Wednesday, April 2nd. Desjardins upgraded shares of Champion Iron to a "moderate buy" rating in a research note on Friday, April 4th. Scotiabank upgraded Champion Iron from a "sector perform" rating to an "outperform" rating and lowered their price target for the company from C$6.00 to C$5.50 in a research report on Monday, April 7th. Finally, CLSA raised Champion Iron to a "hold" rating in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$7.06.
View Our Latest Stock Analysis on CIA
Champion Iron Stock Performance
The firm has a fifty day moving average price of C$3.93 and a 200 day moving average price of C$4.65. The firm has a market capitalization of C$1.93 billion, a PE ratio of 14.96, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01.
Champion Iron Company Profile
(
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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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