Champion Iron Limited (TSE:CIA) Stock Rated “Buy” by Sell-Side Brokerages

Champion Iron Limited (TSE:CIA) has received an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$5.88.

Several research analysts have issued reports on the stock. Raymond James Financial dropped 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 report on Wednesday, October 7th. Scotia cut their price target 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. National Bank Financial decreased their price objective on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, TD upped their price objective on Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, July 14th.

Champion Iron Price Performance

CIA opened at C$2.27 on Tuesday. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 11.35, a PEG ratio of -1.35 and a beta of 0.53. The company has a current ratio of 1.56, a quick ratio of 2.01 and a debt-to-equity ratio of 87.81. Champion Iron has a 12-month low of C$2.27 and a 12-month high of C$6.14. The business’s fifty day simple moving average is C$3.19 and its 200-day simple moving average is C$3.96.

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.