Champion Iron Limited (TSE:CIA - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.63 and traded as low as C$3.84. Champion Iron shares last traded at C$3.88, with a volume of 173,222 shares traded.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Raymond James Financial decreased their target price on shares of Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Desjardins raised shares of Champion Iron to a "moderate buy" rating in a research report on Friday, April 4th. Scotiabank raised shares of Champion Iron from a "sector perform" rating to an "outperform" rating and decreased their target price for the company from C$6.00 to C$5.50 in a research report on Monday, April 7th. Finally, CLSA raised shares of Champion Iron to a "hold" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$7.06.
Read Our Latest Analysis on Champion Iron
Champion Iron Trading Down 5.7%
The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of 14.00, a PEG ratio of -1.35 and a beta of 1.39. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The business's 50 day simple moving average is C$3.94 and its 200 day simple moving average is C$4.61.
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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