Analysts Set Champion Iron Limited (TSE:CIA) PT at C$7.44

Champion Iron Limited (TSE:CIA) has been given an average rating of “Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$7.44.

A number of equities research analysts have issued reports on CIA shares. Scotiabank reduced their price objective on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. TD Securities lowered their price objective on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday, November 1st. B. Riley raised Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd. Finally, Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st.

Champion Iron Trading Up 0.6 %

CIA stock opened at C$5.35 on Wednesday. Champion Iron has a one year low of C$4.65 and a one year high of C$7.11. The company has a fifty day moving average price of C$5.19 and a two-hundred day moving average price of C$5.40. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. The stock has a market cap of C$2.76 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39.

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.