Champion Iron (TSE:CIA) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Champion Iron Limited (TSE:CIA)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.78 and traded as low as C$3.86. Champion Iron shares last traded at C$3.86, with a volume of 452,704 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets downgraded Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank cut their price objective on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a report on Monday, June 15th. TD upped their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, National Bank Financial lowered their target price on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Champion Iron currently has a consensus rating of “Buy” and an average price target of C$6.08.

Champion Iron Stock Performance

The company’s 50-day simple moving average is C$4.09 and its 200 day simple moving average is C$4.78. The stock has a market cap of C$2.16 billion, a P/E ratio of 12.06, a PEG ratio of -1.35 and a beta of 0.31. The company has a current ratio of 2.60, a quick ratio of 2.01 and a debt-to-equity ratio of 70.43.

Champion Iron (TSE:CIA) last released its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$414.50 million during the quarter. Champion Iron had a return on equity of 11.36% and a net margin of 9.55%. As a group, sell-side analysts expect that Champion Iron Limited will post 0.5958254 EPS for the current fiscal 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.