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

Champion Iron Limited (TSE:CIA) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$7.44.

CIA has been the topic of a number of research analyst reports. Raymond James set a C$8.00 target price on Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd. Scotiabank cut their price objective on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Citigroup raised Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. Finally, B. Riley raised Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st.

Champion Iron Trading Down 1.1 %

Shares of CIA stock opened at C$4.71 on Friday. The stock’s fifty day moving average price is C$5.05 and its two-hundred day moving average price is C$5.31. The company has a market cap of C$2.43 billion, a PE ratio of 18.84, a P/E/G ratio of -1.35 and a beta of 1.39. Champion Iron has a fifty-two week low of C$4.35 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.

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.