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

Champion Iron Limited (TSE:CIA - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.93 and traded as high as C$4.10. Champion Iron shares last traded at C$4.08, with a volume of 255,586 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CIA shares. Desjardins raised Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. Raymond James Financial reduced 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. CLSA raised Champion Iron to a "hold" rating in a report on Friday, May 30th. Finally, Scotiabank raised Champion Iron from a "sector perform" rating to an "outperform" rating and reduced their price target for the company from C$6.00 to C$5.50 in a report on Monday, April 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$7.06.

Champion Iron Trading Up 0.5%

The business has a 50 day simple moving average of C$3.93 and a 200-day simple moving average of C$4.44. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The stock 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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