Champion Iron Limited (TSE:CIA) Receives C$7.06 Average Target Price from Brokerages

Shares of Champion Iron Limited (TSE:CIA) have earned a consensus recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$7.06.

A number of research firms have weighed in on CIA. Raymond James reduced their price objective on shares of Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Scotiabank raised Champion Iron from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$6.00 to C$5.50 in a research report on Monday, April 7th. B. Riley raised Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Desjardins raised Champion Iron to a “moderate buy” rating in a report on Friday, April 4th.

Champion Iron Trading Up 1.7 %

TSE CIA opened at C$4.19 on Monday. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$7.11. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. The stock’s fifty day moving average price is C$4.21 and its 200-day moving average price is C$4.88. The stock has a market cap of C$2.17 billion, a P/E ratio of 16.76, a P/E/G ratio of -1.35 and a beta of 1.39.

About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.