Champion Iron Limited (TSE:CIA) Stock Has Consensus Target Price of C$4.41 According to Analysts

Shares of Champion Iron Limited (TSE:CIA) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$4.41.

Several research firms have recently issued reports on CIA. TD lowered their target price on shares of Champion Iron from C$4.00 to C$3.50 and set a “buy” rating on the stock in a research note on Friday, October 30th. Canaccord Genuity Group decreased their target price on Champion Iron from C$5.50 to C$3.75 and set a “buy” rating on the stock in a research report on Friday, October 30th. Scotia decreased their price objective on shares of Champion Iron from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Raymond James Financial dropped their target price on shares of Champion Iron from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Finally, Scotiabank cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th.

Champion Iron Stock Up 1.0%

Shares of TSE CIA traded up C$0.02 on Friday, reaching C$2.06. 2,208,530 shares of the company’s stock traded hands, compared to its average volume of 535,873. The company has a market cap of C$1.15 billion, a price-to-earnings ratio of 206.00, a price-to-earnings-growth ratio of -1.35 and a beta of 0.77. Champion Iron has a 12 month low of C$1.74 and a 12 month high of C$6.14. The business’s 50 day simple moving average is C$2.79 and its two-hundred day simple moving average is C$4.11. The company has a quick ratio of 2.01, a current ratio of 1.60 and a debt-to-equity ratio of 92.23.

Champion Iron Company Profile

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.