Champion Iron (TSE:CIA) Sets New 12-Month Low – Should You Sell?

Champion Iron Limited (TSE:CIA) shares hit a new 52-week low on Monday . The company traded as low as C$4.32 and last traded at C$4.37, with a volume of 45992 shares trading hands. The stock had previously closed at C$4.56.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Raymond James set a C$8.00 price target on Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd. Citigroup raised Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. B. Riley raised shares of Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Scotiabank dropped their price target on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$7.44.

Champion Iron Stock Down 3.7 %

The company’s fifty day simple moving average is C$4.99 and its 200-day simple moving average is C$5.30. The firm has a market capitalization of C$2.27 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01.

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.