Champion Iron Limited (TSE:CIA) Receives Average Rating of “Buy” from Analysts

Champion Iron Limited (TSE:CIA) has received a consensus rating of “Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$7.44.

A number of analysts have recently issued reports on the company. Raymond James set a C$8.00 price objective on Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. Scotiabank cut 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 report on Thursday, January 30th. Citigroup raised Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Finally, B. Riley upgraded Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st.

Champion Iron Stock Performance

CIA opened at C$4.71 on Friday. Champion Iron has a 12-month low of C$4.35 and a 12-month high of C$7.11. The stock has a market cap of C$2.43 billion, a price-to-earnings ratio of 18.84, a PEG ratio of -1.35 and a beta of 1.39. The business has a 50 day moving average of C$5.05 and a 200-day moving average of C$5.31. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89.

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.