Champion Iron (TSE:CIA) Shares Down 0.2% – Should You Sell?

Champion Iron Limited (TSE:CIA)’s share price traded down 0.2% during mid-day trading on Wednesday . The stock traded as low as C$5.39 and last traded at C$5.41. 633,008 shares traded hands during mid-day trading, an increase of 80% from the average session volume of 350,752 shares. The stock had previously closed at C$5.42.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Securities decreased their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Desjardins upgraded Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Stock Performance

The stock has a 50-day moving average of C$5.67 and a 200-day moving average of C$5.70. The firm has a market cap of C$2.80 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42.

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.