Champion Iron (TSE:CIA) Hits New 12-Month Low – What’s Next?

Champion Iron Limited (TSE:CIA – Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as C$3.30 and last traded at C$3.31, with a volume of 69778 shares trading hands. The stock had previously closed at C$3.35.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CIA. Scotia decreased 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 report on Friday, July 31st. BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. 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 on the stock in a research report on Tuesday, July 14th. TD boosted their price target on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Scotiabank dropped their price objective on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$6.08.

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Get Our Latest Stock Analysis on Champion Iron

Champion Iron Stock Down 0.9%

The company has a market capitalization of C$1.86 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of -1.35 and a beta of 0.30. 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 firm has a 50-day moving average of C$3.65 and a two-hundred day moving average of C$4.33.

About Champion Iron

(Get Free Report)

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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