Champion Iron (TSE:CIA) PT Set at C$8.00 by Raymond James

Champion Iron (TSE:CIA) has been assigned a C$8.00 target price by Raymond James in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 52.38% from the company’s previous close.

A number of other research analysts have also commented on CIA. TD Securities cut their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, November 1st. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$8.10.

Champion Iron Stock Performance

Shares of Champion Iron stock traded up C$0.07 during trading on Thursday, reaching C$5.25. The company’s stock had a trading volume of 91,089 shares, compared to its average volume of 359,196. Champion Iron has a one year low of C$4.74 and a one year high of C$7.77. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The firm has a market cap of C$2.72 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The business’s fifty day moving average price is C$5.29 and its 200-day moving average price is C$5.56.

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.