Champion Iron Limited (TSE:CIA) Stock Has Consensus Target Price of C$6.08 According to Brokerages

Shares of Champion Iron Limited (TSE:CIA) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$6.08.

CIA has been the topic of several recent research reports. Scotia cut their price target on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. TD lifted their price objective on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research note on Tuesday, July 14th. National Bank Financial decreased their price target on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Scotiabank reduced 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. Finally, BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th.

Champion Iron Price Performance

Shares of CIA opened at C$3.15 on Friday. Champion Iron has a fifty-two week low of C$3.02 and a fifty-two week high of C$6.14. The firm’s 50 day moving average price is C$3.48 and its 200 day moving average price is C$4.19. The company has a market cap of C$1.76 billion, a P/E ratio of 15.75, a PEG ratio of -1.35 and a beta of 0.30. The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 87.81.

Champion Iron Company Profile

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.