Champion Iron Limited (TSE:CIA) Receives C$7.06 Consensus Target Price from Analysts

Champion Iron Limited (TSE:CIA) has received an average rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$7.06.

A number of equities research analysts have recently commented on CIA shares. Scotiabank raised shares of Champion Iron from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from C$6.00 to C$5.50 in a research note on Monday, April 7th. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Desjardins raised Champion Iron to a “moderate buy” rating in a research report on Friday, April 4th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Raymond James decreased their target price on Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd.

Champion Iron Stock Up 1.4 %

Shares of CIA opened at C$3.66 on Thursday. The stock’s 50-day moving average price is C$4.70 and its two-hundred day moving average price is C$5.19. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$7.11. The company has a market capitalization of C$1.89 billion, a PE ratio of 14.64, a PEG 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.

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.