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

Key Points

• Champion Iron Limited's share price surpassed its fifty-day moving average, trading last at C$4.21, with a high of C$4.26 on Wednesday.
• Wall Street analysts have mixed views on the stock; TD Securities lowered its target price to C$5.00 while maintaining a "buy" rating, and CLSA upgraded it to a "hold."
• The company has a market capitalization of C$2.24 billion, with a current ratio of 2.28 and a debt-to-equity ratio of 57.89, indicating a stable financial position.

Champion Iron Limited (TSE:CIA - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$4.09 and traded as high as C$4.26. Champion Iron shares last traded at C$4.21, with a volume of 433,917 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on CIA. TD Securities dropped their target price on Champion Iron from C$5.50 to C$5.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. CLSA upgraded Champion Iron to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Champion Iron has an average rating of "Buy" and a consensus target price of C$6.00.

Champion Iron Trading Up 0.5%

The firm has a market capitalization of C$2.24 billion, a PE ratio of 26.31, a P/E/G ratio of -1.35 and a beta of 0.70. 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 firm has a fifty day moving average of C$4.09 and a 200 day moving average of C$4.06.

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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