Brokerages Set Champion Iron Limited (TSE:CIA) Target Price at C$7.44

Shares of Champion Iron Limited (TSE:CIA) have earned a consensus rating of “Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$7.44.

Several equities analysts recently issued reports on CIA shares. B. Riley upgraded shares of Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. TD Securities dropped their target price on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, November 1st. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Scotiabank decreased their target price on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th.

Champion Iron Stock Performance

Shares of TSE CIA opened at C$5.35 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. Champion Iron has a 12 month low of C$4.65 and a 12 month high of C$7.11. The company has a 50 day simple moving average of C$5.19 and a two-hundred day simple moving average of C$5.40. The stock has a market cap of C$2.76 billion, a price-to-earnings ratio of 21.40, a PEG ratio of -1.35 and a beta of 1.39.

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.