Champion Iron (TSE:CIA) Reaches New 52-Week Low – Here’s What Happened

Champion Iron Limited (TSE:CIA) shares hit a new 52-week low on Tuesday . The company traded as low as C$4.40 and last traded at C$4.51, with a volume of 875070 shares. The stock had previously closed at C$4.73.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CIA shares. B. Riley raised Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. Raymond James set a C$8.00 price target on Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd. Citigroup upgraded Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Finally, 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 report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Champion Iron presently has a consensus rating of “Buy” and a consensus price target of C$7.44.

Champion Iron Price Performance

The stock has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. The stock has a 50-day simple moving average of C$5.12 and a 200 day simple moving average of C$5.37.

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.