Champion Iron (TSE:CIA) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Champion Iron Limited (TSE:CIA) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$5.47 and traded as low as C$4.50. Champion Iron shares last traded at C$4.58, with a volume of 476,852 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on CIA shares. B. Riley Financial upgraded shares of Champion Iron to a “strong-buy” rating in a report on Friday, January 30th. Desjardins increased their price objective on Champion Iron from C$6.00 to C$7.00 and gave the company a “buy” rating in a research report on Monday, January 5th. Finally, Raymond James Financial raised their price objective on Champion Iron from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Champion Iron has a consensus rating of “Buy” and a consensus target price of C$6.13.

Champion Iron Stock Down 1.9%

The company has a debt-to-equity ratio of 67.59, a quick ratio of 2.01 and a current ratio of 2.56. The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of -1.35 and a beta of 0.50. The business’s 50 day moving average is C$5.44 and its 200 day moving average is C$4.98.

Champion Iron (TSE:CIA) last released its earnings results on Thursday, January 29th. The company reported C$0.12 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 12.64% and a net margin of 10.38%.The company had revenue of C$472.31 million during the quarter. Equities analysts expect that Champion Iron Limited will post 0.5958254 earnings per share for the current year.

Champion Iron Company Profile

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.