Champion Iron Limited (TSE:CIA) Receives Average Recommendation of “Buy” from Analysts

Shares of Champion Iron Limited (TSE:CIA) have received an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$7.06.

Several research analysts have weighed in on CIA shares. Desjardins raised Champion Iron to a “moderate buy” rating in a research report on Friday, April 4th. Scotiabank upgraded Champion Iron from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from C$6.00 to C$5.50 in a research report on Monday, April 7th. CLSA raised Champion Iron to a “hold” rating in a report on Friday, May 30th. Finally, Raymond James decreased their price objective on Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

Champion Iron Stock Down 2.3%

Shares of Champion Iron stock opened at C$3.77 on Friday. The firm has a market capitalization of C$1.95 billion, a PE ratio of 15.08, 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$6.90. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The stock’s fifty day moving average is C$3.97 and its 200-day moving average is C$4.71.

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.