Champion Iron Limited (TSE:CIA) Given Consensus Recommendation of “Buy” by Analysts

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

CIA has been the subject of several research reports. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Raymond James set a C$8.00 price target on Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd. Scotiabank decreased their price objective on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. Finally, Desjardins upgraded Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st.

Champion Iron Stock Performance

CIA stock opened at C$5.13 on Wednesday. Champion Iron has a 1-year low of C$4.65 and a 1-year high of C$7.11. The business has a 50-day moving average price of C$5.19 and a 200 day moving average price of C$5.40. The company has a market capitalization of C$2.65 billion, a P/E ratio of 20.52, a PEG ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01.

About Champion Iron

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.