Champion Iron Limited (TSE:CIA - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.98 and traded as high as C$4.12. Champion Iron shares last traded at C$4.11, with a volume of 565,122 shares.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. CLSA raised Champion Iron to a "hold" rating in a research note on Friday, May 30th. TD Securities decreased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$6.00.
Check Out Our Latest Report on CIA
Champion Iron Stock Up 0.7%
The company has a market cap of C$2.19 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of -1.35 and a beta of 0.70. 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 firm's fifty day moving average price is C$4.01 and its 200-day moving average price is C$4.12.
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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