Champion Iron (TSE:CIA) Sets New 52-Week Low – Here’s Why

Champion Iron Limited (TSE:CIA) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.63 and last traded at C$4.75, with a volume of 73624 shares trading hands. The stock had previously closed at C$4.75.

Wall Street Analyst Weigh In

Several analysts have commented on CIA shares. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. B. Riley raised shares of Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Scotiabank reduced their price target on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Champion Iron presently has a consensus rating of “Buy” and an average price target of C$7.44.

Champion Iron Stock Down 0.8 %

The company has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 18.84, a PEG ratio of -1.35 and a beta of 1.39. 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 business’s 50 day moving average is C$5.16 and its 200 day moving average is C$5.39.

Champion Iron Company Profile

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.