Champion Iron (TSE:CIA – Get Free Report) had its price objective dropped by Raymond James Financial from C$5.50 to C$5.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 167.38% from the stock’s previous close.
A number of other research analysts also recently commented on CIA. National Bank Financial lowered their price target on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Scotia reduced their price objective on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 31st. Finally, TD upped their price objective on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$5.75.
View Our Latest Stock Report on CIA
Champion Iron Price Performance
Shares of TSE:CIA traded down C$0.36 on Thursday, reaching C$1.87. The company’s stock had a trading volume of 3,903,365 shares, compared to its average volume of 479,384. Champion Iron has a 52-week low of C$1.81 and a 52-week high of C$6.14. The company has a market cap of C$1.05 billion, a P/E ratio of 9.35, a PEG 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. The company has a debt-to-equity ratio of 87.81, a quick ratio of 2.01 and a current ratio of 1.56.
About Champion Iron
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.
See Also
- Five stocks we like better than Champion Iron
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Champion Iron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Champion Iron and related companies with MarketBeat.com's FREE daily email newsletter.
