Champion Iron Limited (TSE:CIA) Stock Rated “Moderate Buy” by Wall Street Analysts

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

Several research firms have recently weighed in on CIA. Scotiabank downgraded shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Royal Bank Of Canada cut their price objective on shares of Champion Iron from C$8.00 to C$4.00 and set an “outperform” rating for the company in a report on Tuesday. TD decreased 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 lowered their target price on Champion Iron from C$5.50 to C$3.75 and set a “buy” rating on the stock in a report on Friday, October 30th. Finally, Raymond James Financial dropped their price target on Champion Iron from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th.

Champion Iron Price Performance

CIA traded up C$0.02 on Friday, hitting C$2.06. 2,208,530 shares of the company’s stock were exchanged, compared to its average volume of 535,873. Champion Iron has a fifty-two week low of C$1.74 and a fifty-two week high of C$6.14. The stock has a market cap of C$1.15 billion, a price-to-earnings ratio of 206.00, a P/E/G ratio of -1.35 and a beta of 0.77. The firm has a 50-day moving average price of C$2.79 and a 200-day moving average price of C$4.11. The company has a current ratio of 1.60, a quick ratio of 2.01 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.