Champion Iron (TSE:CIA) Given New C$4.00 Price Target at Royal Bank Of Canada

Champion Iron (TSE:CIA) had its price objective dropped by research analysts at Royal Bank Of Canada from C$8.00 to C$4.00 in a report released on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 122.22% from the stock’s current price.

Several other analysts have also commented on CIA. Scotiabank lowered Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Friday. TD cut their price objective on Champion Iron from C$4.00 to C$3.50 and set a “buy” rating for the company in a report on Friday. Canaccord Genuity Group reduced their target price on shares of Champion Iron from C$5.50 to C$3.75 and set a “buy” rating on the stock in a research note on Friday. National Bank Financial lowered their target price on shares of Champion Iron from C$4.00 to C$3.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Scotia dropped their target price on shares of Champion Iron from C$4.00 to C$3.50 and set a “sector perform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$4.41.

Champion Iron Price Performance

TSE CIA traded down C$0.07 on Tuesday, reaching C$1.80. The company’s stock had a trading volume of 1,464,426 shares, compared to its average volume of 497,099. The firm has a market cap of C$1.01 billion, a PE ratio of 180.00, a price-to-earnings-growth ratio of -1.35 and a beta of 0.53. The business has a 50-day moving average price of C$2.92 and a 200 day moving average price of C$4.19. Champion Iron has a 52 week low of C$1.80 and a 52 week high of C$6.14. The company has a current ratio of 1.60, a quick ratio of 2.01 and a debt-to-equity ratio of 92.23.

About Champion Iron

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.