Champion Iron (TSE:CIA) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Champion Iron Limited (TSE:CIA) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$5.47 and traded as low as C$4.50. Champion Iron shares last traded at C$4.58, with a volume of 476,852 shares traded.

Wall Street Analysts Forecast Growth

CIA has been the topic of several research analyst reports. Desjardins boosted their price objective on Champion Iron from C$6.00 to C$7.00 and gave the company a “buy” rating in a report on Monday, January 5th. B. Riley Financial upgraded Champion Iron to a “strong-buy” rating in a report on Friday, January 30th. Finally, Raymond James Financial increased their price target on shares of Champion Iron from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Champion Iron presently has a consensus rating of “Buy” and a consensus price target of C$6.13.

Champion Iron Stock Performance

The stock has a market capitalization of C$2.44 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of -1.35 and a beta of 0.50. The company has a quick ratio of 2.01, a current ratio of 2.56 and a debt-to-equity ratio of 67.59. The stock has a fifty day moving average of C$5.47 and a 200-day moving average of C$4.98.

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.