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

Champion Iron Limited (TSE:CIA) has been given a consensus rating of “Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$7.44.

Several equities analysts have recently weighed in on the stock. Raymond James set a C$8.00 price objective on shares of Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd. Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. B. Riley raised shares of Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. 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 for the company in a research report on Thursday, January 30th.

Champion Iron Price Performance

Shares of CIA opened at C$4.95 on Friday. The firm has a market cap of C$2.56 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. Champion Iron has a 52-week low of C$4.35 and a 52-week high of C$7.11. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The business’s 50 day moving average price is C$5.06 and its two-hundred day moving average price is C$5.33.

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.