Champion Iron (TSE:CIA) Price Target Cut to C$7.50 by Analysts at Raymond James

Champion Iron (TSE:CIA) had its price objective decreased by investment analysts at Raymond James from C$8.00 to C$7.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 72.81% from the company’s previous close.

A number of other brokerages have also issued reports on CIA. B. Riley upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Citigroup upgraded Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. Finally, Scotiabank reduced their target price on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$7.31.

Champion Iron Stock Performance

Shares of CIA stock traded down C$0.06 during mid-day trading on Wednesday, reaching C$4.34. The stock had a trading volume of 140,702 shares, compared to its average volume of 375,047. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. Champion Iron has a 1-year low of C$4.28 and a 1-year high of C$7.11. The firm has a market cap of C$2.24 billion, a price-to-earnings ratio of 17.36, a PEG ratio of -1.35 and a beta of 1.39. The business’s fifty day moving average is C$4.95 and its 200-day moving average is C$5.29.

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.