Champion Iron Limited (TSE:CIA) Receives C$7.44 Average Target Price from Brokerages

Shares of Champion Iron Limited (TSE:CIA) have been given a consensus rating of “Buy” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$7.44.

Several research firms recently weighed in on CIA. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an “outperform” rating in a research note on Thursday, January 2nd. B. Riley upgraded shares of Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. TD Securities dropped their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Citigroup upgraded Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th.

Champion Iron Stock Performance

CIA opened at C$5.13 on Wednesday. The stock has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 20.52, a PEG ratio of -1.35 and a beta of 1.39. The company has a fifty day moving average of C$5.19 and a 200 day moving average of C$5.40. Champion Iron has a fifty-two week low of C$4.65 and a fifty-two week high of C$7.11. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28.

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.