Champion Iron Limited (TSE:CIA – Get Free Report) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$1.81 and last traded at C$1.97, with a volume of 806,306 shares traded. The stock had previously closed at C$2.23.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. TD lifted their price objective on shares of Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Scotia cut their target price on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial reduced their target price on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Finally, Raymond James Financial decreased their price target on Champion Iron from C$6.25 to C$5.75 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$5.88.
Get Our Latest Stock Report on Champion Iron
Champion Iron Stock Performance
The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 87.81. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of -1.35 and a beta of 0.53. The company has a 50 day simple moving average of C$3.02 and a 200 day simple moving average of C$4.25.
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.
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