Analysts Set Champion Iron Limited (TSE:CIA) Price Target at C$7.06

Shares of Champion Iron Limited (TSE:CIA) have been assigned an average rating of “Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$7.06.

A number of brokerages recently commented on CIA. Desjardins upgraded Champion Iron to a “moderate buy” rating in a report on Friday, April 4th. Scotiabank upgraded shares of Champion Iron from a “sector perform” rating to an “outperform” rating and decreased their price objective for the stock from C$6.00 to C$5.50 in a report on Monday, April 7th. Raymond James cut their target price on shares of Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. Finally, B. Riley raised Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st.

Champion Iron Stock Performance

Shares of TSE:CIA opened at C$4.19 on Monday. 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 company has a market cap of C$2.17 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$7.11. The company has a 50-day moving average price of C$4.21 and a 200-day moving average price of C$4.88.

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.