Champion Iron (TSE:CIA) Upgraded by Desjardins to “Moderate Buy” Rating

Desjardins upgraded shares of Champion Iron (TSE:CIA) to a moderate buy rating in a research note published on Friday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. 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. Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. Raymond James lowered their target price on shares of Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Wednesday. Finally, B. Riley raised shares of Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Champion Iron has a consensus rating of “Buy” and an average target price of C$7.31.

Champion Iron Trading Down 8.9 %

TSE CIA opened at C$3.70 on Friday. Champion Iron has a 52 week low of C$3.61 and a 52 week high of C$7.11. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The stock’s 50 day moving average price is C$4.88 and its two-hundred day moving average price is C$5.27. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 14.80, a PEG 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.