Champion Iron Limited (TSE:CIA) Receives C$6.13 Average Price Target from Analysts

Shares of Champion Iron Limited (TSE:CIA) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$6.13.

CIA has been the topic of a number of research reports. Raymond James Financial raised their target price on shares of Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Desjardins lifted their price objective on shares of Champion Iron from C$6.00 to C$7.00 and gave the company a “buy” rating in a report on Monday, January 5th. Finally, B. Riley Financial raised shares of Champion Iron to a “strong-buy” rating in a research note on Friday, January 30th.

Champion Iron Stock Performance

CIA stock opened at C$4.97 on Friday. The company has a debt-to-equity ratio of 67.59, a current ratio of 2.56 and a quick ratio of 2.01. The business has a 50-day moving average price of C$5.56 and a 200 day moving average price of C$4.95. The company has a market capitalization of C$2.65 billion, a P/E ratio of 14.62, a PEG ratio of -1.35 and a beta of 0.63. Champion Iron has a 1-year low of C$3.29 and a 1-year high of C$6.14.

Champion Iron Company Profile

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.