Champion Iron (TSE:CIA) Stock Price Down 0.2% – Time to Sell?

Champion Iron Limited (TSE:CIA)’s share price was down 0.2% on Wednesday . The company traded as low as C$5.39 and last traded at C$5.41. Approximately 633,008 shares changed hands during mid-day trading, an increase of 80% from the average daily volume of 350,752 shares. The stock had previously closed at C$5.42.

Wall Street Analyst Weigh In

CIA has been the subject of several recent research reports. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. TD Securities cut their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Stock Performance

The company’s 50 day moving average price is C$5.66 and its 200-day moving average price is C$5.70. The stock has a market cap of C$2.82 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42.

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.