Champion Iron Limited (TSE:CIA) Given Consensus Rating of “Buy” by Brokerages

Shares of Champion Iron Limited (TSE:CIA) have earned a consensus rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$7.44.

CIA has been the topic of several analyst reports. TD Securities lowered their target price on shares of 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. B. Riley upgraded Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Citigroup raised Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. Raymond James set a C$8.00 price objective on Champion Iron and gave the stock an “outperform” rating in a research report on Thursday, January 2nd. Finally, Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st.

Champion Iron Stock Down 0.4 %

Champion Iron stock opened at C$5.43 on Wednesday. The stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 21.72, a PEG ratio of -1.35 and a beta of 1.39. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. The stock has a 50 day moving average of C$5.19 and a two-hundred day moving average of C$5.40. Champion Iron has a twelve month low of C$4.65 and a twelve month high of C$7.24.

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.