Champion Iron Limited (TSE:CIA) Stock Has Average Price Target of C$5.88

Key Points

• Analysts remain broadly positive: Eight research firms give Champion Iron an average “Buy” rating, with six buys, one strong buy, and one hold. The average 12-month price target is C$5.88.
• Recent analyst targets have been mixed, with several firms lowering their objectives while TD raised its target to C$6.50; ratings generally remain “outperform” or “buy.”
• The stock traded at C$2.67, near its 52-week low of C$2.66, with a market capitalization of about C$1.50 billion. Champion operates the Bloom Lake iron ore complex in Québec, producing high-purity concentrates.

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have been given an average recommendation of "Buy" by the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$5.88.

CIA has been the subject of several analyst reports. Scotiabank cut their price target on shares of Champion Iron from C$6.00 to C$5.50 and set a "sector outperform" rating for the company in a report on Monday, June 15th. Scotia decreased their price objective on shares of Champion Iron from C$5.50 to C$5.00 and set a "sector outperform" rating on the stock in a research note on Friday, July 31st. TD upped their price objective on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Raymond James Financial dropped their price objective on shares of Champion Iron from C$6.25 to C$5.75 and set an "outperform" rating for the company in a report on Wednesday, October 7th. Finally, National Bank Financial cut their target price on shares of Champion Iron from C$5.75 to C$5.50 and set an "outperform" rating for the company in a research note on Tuesday, July 14th.

Champion Iron Stock Performance

CIA traded down C$0.09 during trading on Tuesday, reaching C$2.67. 211,344 shares of the company's stock were exchanged, compared to its average volume of 443,634. Champion Iron has a fifty-two week low of C$2.66 and a fifty-two week high of C$6.14. The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 87.81. The business has a 50 day moving average price of C$3.29 and a 200 day moving average price of C$4.05. The company has a market capitalization of C$1.50 billion, a P/E ratio of 13.35, a PEG ratio of -1.35 and a beta of 0.53.

Champion Iron Company Profile

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.

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