Champion Iron (TSE:CIA) Upgraded at Desjardins

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

Several other research firms have also recently commented on CIA. Citigroup upgraded Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. Scotiabank decreased their price objective 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. Raymond James cut 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 research note on Wednesday, April 2nd. Finally, B. Riley raised shares of Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$7.31.

Champion Iron Trading Down 8.9 %

TSE:CIA opened at C$3.70 on Friday. Champion Iron has a one year low of C$3.61 and a one year high of C$7.11. The business’s 50-day simple moving average is C$4.88 and its 200 day simple moving average is C$5.27. 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 has a market cap of C$1.91 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth 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.