Champion Iron (TSE:CIA) Sets New 12-Month Low – Time to Sell?

Champion Iron Limited (TSE:CIA)’s share price hit a new 52-week low on Thursday . The stock traded as low as C$3.45 and last traded at C$3.48, with a volume of 561627 shares changing hands. The stock had previously closed at C$3.86.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CIA. National Bank Financial cut their price target on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. BMO Capital Markets lowered Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Scotiabank dropped their price objective on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a report on Monday, June 15th. Finally, TD upped their target price on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Champion Iron currently has a consensus rating of “Buy” and an average target price of C$6.08.

Champion Iron Stock Performance

The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of -1.35 and a beta of 0.31. The company has a debt-to-equity ratio of 70.43, a quick ratio of 2.01 and a current ratio of 2.60. The company’s fifty day simple moving average is C$4.09 and its two-hundred day simple moving average is C$4.78.

Champion Iron (TSE:CIA) last issued its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Champion Iron had a net margin of 9.55% and a return on equity of 11.36%. The business had revenue of C$414.50 million for the quarter. Equities research analysts predict that Champion Iron Limited will post 0.5958254 earnings per share for the current fiscal year.

About Champion Iron

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.