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

Shares of Champion Iron Limited (TSE:CIA) have been assigned a consensus rating of “Buy” from the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$7.44.

CIA has been the subject of a number of recent analyst reports. Scotiabank dropped 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 raised Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. Raymond James set a C$8.00 target price on Champion Iron and gave the company an “outperform” rating in a research note on Thursday, January 2nd. Finally, Citigroup raised Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th.

Champion Iron Trading Up 3.0 %

CIA stock opened at C$4.74 on Friday. The business has a fifty day moving average price of C$5.07 and a 200 day moving average price of C$5.34. Champion Iron has a fifty-two week low of C$4.35 and a fifty-two week high of C$7.11. The stock has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01.

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.