Champion Iron Limited (TSE:CIA) Receives C$7.44 Consensus PT from Analysts

Champion Iron Limited (TSE:CIA) has earned an average rating of “Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One 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. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$7.44.

Several equities analysts recently commented on the company. Scotiabank dropped their price objective on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. Citigroup raised Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Raymond James set a C$8.00 target price on Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd.

Champion Iron Stock Down 0.2 %

CIA opened at C$4.95 on Friday. Champion Iron has a twelve month low of C$4.35 and a twelve month high of C$7.11. The company’s 50-day moving average price is C$5.06 and its two-hundred day moving average price is C$5.33. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 19.80, a PEG ratio of -1.35 and a beta of 1.39. The company has a quick ratio of 2.01, a current ratio of 2.28 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.