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 traded.
Analyst Upgrades and Downgrades
CIA has been the subject of a number of recent analyst reports. Raymond James Financial decreased their target price on 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. Scotiabank upgraded Champion Iron from a "sector perform" rating to an "outperform" rating and cut their price objective for the company from C$6.00 to C$5.50 in a research note on Monday, April 7th. CLSA upgraded Champion Iron to a "hold" rating in a research note on Friday, May 30th. Finally, Desjardins upgraded Champion Iron to a "moderate buy" rating in a research note on Friday, April 4th. One investment 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 data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$7.06.
View Our Latest Report on CIA
Champion Iron Price Performance
The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. The stock has a market cap of C$2.07 billion, a PE ratio of 16.00, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a fifty day moving average of C$3.93 and a 200-day moving average of C$4.43.
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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