Desjardins Upgrades Champion Iron (TSE:CIA) to “Moderate Buy”

Desjardins upgraded shares of Champion Iron (TSE:CIAFree Report) to a moderate buy rating in a research note published on Thursday, Zacks.com reports.

Several other equities research analysts have also commented on the stock. Scotiabank boosted their price target on shares of Champion Iron from C$7.00 to C$7.25 and gave the company a “sector perform” rating in a report on Monday, July 15th. TD Securities reduced their price target 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. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Champion Iron presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.10.

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Champion Iron Price Performance

Champion Iron stock opened at C$5.61 on Thursday. The stock has a market cap of C$2.91 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. 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 1 year low of C$4.74 and a 1 year high of C$7.77. The firm has a 50-day moving average of C$5.69 and a two-hundred day moving average of C$5.87.

Champion Iron Company Profile

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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.

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