Champion Iron (TSE:CIA) Hits New 1-Year Low – Should You Sell?

Shares of Champion Iron Limited (TSE:CIA) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$2.29 and last traded at C$2.29, with a volume of 97,607 shares traded. The stock had previously closed at C$2.33.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD boosted their price target on 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. National Bank Financial reduced their target price on shares of 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. Scotia reduced their price objective on shares of 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, Raymond James Financial cut their target price on shares of 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 assigned a Hold rating to the company. According to data from MarketBeat, Champion Iron currently has an average rating of “Buy” and a consensus price target of C$5.88.

Champion Iron Trading Down 1.3%

The company has a debt-to-equity ratio of 87.81, a current ratio of 1.56 and a quick ratio of 2.01. The stock has a 50 day moving average of C$3.21 and a 200 day moving average of C$3.98. The firm has a market cap of C$1.29 billion, a P/E ratio of 11.50, a PEG ratio of -1.35 and a beta of 0.53.

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.