Champion Iron (TSE:CIA) Given a C$8.00 Price Target by Raymond James Analysts

Raymond James set a C$8.00 price objective on Champion Iron (TSE:CIA) in a report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on the stock. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. TD Securities decreased their price target on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Champion Iron presently has an average rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Stock Up 2.5 %

CIA stock opened at C$5.31 on Thursday. The stock has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a 50-day moving average of C$5.29 and a two-hundred day moving average of C$5.55. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.77. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01.

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.