Champion Iron Limited (TSE:CIA) Given Consensus Recommendation of “Buy” by Analysts

Champion Iron Limited (TSE:CIA) has been given an average rating of “Buy” by the five analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$7.44.

CIA has been the subject of a number of research analyst reports. Scotiabank lowered their price target on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a report on Thursday, January 30th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Citigroup upgraded Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Finally, Raymond James set a C$8.00 price objective on Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd.

Champion Iron Stock Performance

Shares of TSE:CIA opened at C$4.76 on Friday. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. Champion Iron has a one year low of C$4.35 and a one year high of C$7.11. The business’s 50-day simple moving average is C$5.05 and its 200 day simple moving average is C$5.32. The company has a market cap of C$2.46 billion, a P/E ratio of 19.04, a PEG ratio of -1.35 and a beta of 1.39.

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.