Champion Iron Limited (TSE:CIA - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$4.18 and traded as high as C$4.37. Champion Iron shares last traded at C$4.27, with a volume of 110,626 shares.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Scotiabank raised Champion Iron from a "sector perform" rating to an "outperform" rating and decreased their price objective for the stock from C$6.00 to C$5.50 in a report on Monday, April 7th. B. Riley raised Champion Iron to a "strong-buy" rating in a report on Tuesday, January 21st. Desjardins raised Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Citigroup raised Champion Iron to a "strong-buy" rating in a report on Sunday, January 19th. Finally, Raymond James reduced their target price 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. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Champion Iron presently has an average rating of "Buy" and an average target price of C$7.06.
Check Out Our Latest Report on Champion Iron
Champion Iron Trading Down 1.8%
The firm has a fifty day simple moving average of C$4.18 and a two-hundred day simple moving average of C$4.86. The firm has a market capitalization of C$2.21 billion, a P/E ratio of 17.08, a price-to-earnings-growth 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.
About Champion Iron
(
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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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