Champion Iron (TSE:CIA) Reaches New 1-Year High – Time to Buy?

Champion Iron Limited (TSE:CIA) hit a new 52-week high on Thursday . The stock traded as high as C$5.64 and last traded at C$5.64, with a volume of 89479 shares changing hands. The stock had previously closed at C$5.54.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Champion Iron to a “moderate buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$6.00.

Champion Iron Stock Performance

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 company has a market cap of C$2.99 billion, a P/E ratio of 25.50, a P/E/G ratio of -1.35 and a beta of 0.32. The stock’s fifty day moving average price is C$4.80 and its two-hundred day moving average price is C$4.28.

Champion Iron (TSE:CIA) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$0.11 EPS for the quarter. Champion Iron had a net margin of 8.51% and a return on equity of 9.13%. The business had revenue of C$492.89 million during the quarter. As a group, equities analysts predict that Champion Iron Limited will post 0.5958254 earnings per share for the current year.

Champion Iron Company Profile

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.