Champion Iron (TSE:CIA) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Champion Iron Limited (TSE:CIA)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.87 and traded as low as C$3.81. Champion Iron shares last traded at C$3.86, with a volume of 335,991 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on CIA shares. Scotiabank reduced their target price 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. National Bank Financial lowered their target price on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company 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 report on Monday, June 8th. Finally, TD upped their price target on Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$6.08.

Champion Iron Stock Performance

The company has a market capitalization of C$2.16 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of -1.35 and a beta of 0.31. The company’s 50 day moving average is C$4.22 and its 200-day moving average is C$4.87. The company has a current ratio of 2.60, a quick ratio of 2.01 and a debt-to-equity ratio of 70.43.

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