Champion Iron (TSE:CIA) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Champion Iron crossed above its 50-day moving average on Wednesday; the 50‑day MA is C$5.05, the stock traded as high as C$5.56 and last traded at C$5.35 on volume of 371,901 shares.
• Analysts have been upgrading the stock (Desjardins raised its target to C$7, B. Riley issued a "strong‑buy", Raymond James raised its target to C$7), and the consensus rating is "Buy" with an average price target of C$6.33.
• Company fundamentals: Champion Iron reported C$0.12 EPS for the quarter on C$472.31 million in revenue, has a market cap of C$2.85 billion and a P/E of 15.74, with a debt‑to‑equity ratio of 67.59.

Champion Iron Limited (TSE:CIA - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$5.05 and traded as high as C$5.56. Champion Iron shares last traded at C$5.35, with a volume of 371,901 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CIA. Desjardins raised their price target on shares of Champion Iron from C$6.00 to C$7.00 and gave the stock a "buy" rating in a research report on Monday, January 5th. B. Riley Financial upgraded shares of Champion Iron to a "strong-buy" rating in a research report on Friday, January 30th. Finally, Raymond James Financial raised their price target on shares of Champion Iron from C$6.50 to C$7.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Champion Iron currently has a consensus rating of "Buy" and an average price target of C$6.33.

Champion Iron Stock Performance

The stock's 50-day moving average price is C$5.05 and its 200-day moving average price is C$5.09. The company has a current ratio of 2.56, a quick ratio of 2.01 and a debt-to-equity ratio of 67.59. The company has a market capitalization of C$2.85 billion, a P/E ratio of 15.74, a P/E/G ratio of -1.35 and a beta of 0.46.

Champion Iron (TSE:CIA - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported C$0.12 earnings per share (EPS) for the quarter. Champion Iron had a net margin of 10.38% and a return on equity of 12.64%. The company had revenue of C$472.31 million for the quarter. As a group, equities analysts expect that Champion Iron Limited will post 0.5958254 EPS for the current year.

Champion Iron Company Profile

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company's operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others.

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