TD Securities Issues Pessimistic Forecast for Champion Iron (TSE:CIA) Stock Price

Champion Iron (TSE:CIA) had its price objective decreased by research analysts at TD Securities from C$8.00 to C$7.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 24.78% from the stock’s current price.

A number of other research firms have also commented on CIA. Desjardins set a C$8.25 price target on Champion Iron and gave the company a “buy” rating in a research report on Wednesday, July 17th. Scotiabank lifted their price target on Champion Iron from C$7.00 to C$7.25 and gave the stock a “sector perform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$8.10.

Champion Iron Price Performance

Shares of TSE:CIA opened at C$5.61 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. The stock’s 50 day moving average is C$5.69 and its 200-day moving average is C$5.87. Champion Iron has a twelve month low of C$4.74 and a twelve month high of C$7.77. The firm has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 9.84, 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.