Champion Iron (TSE:CIA) Given a C$8.00 Price Target at Raymond James

Raymond James set a C$8.00 price objective on Champion Iron (TSE:CIA) in a research note released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on CIA. TD Securities cut their price target on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Desjardins upgraded Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Champion Iron presently has a consensus rating of “Moderate Buy” and an average price target of C$8.10.

Champion Iron Trading Up 2.5 %

Shares of TSE CIA opened at C$5.31 on Thursday. The company’s 50 day simple moving average is C$5.29 and its 200 day simple moving average is C$5.55. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. Champion Iron has a fifty-two week low of C$4.74 and a fifty-two week high of C$7.77. The firm has a market capitalization of C$2.75 billion, a P/E ratio of 9.32, a P/E/G 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.