Champion Iron Limited (TSE:CIA) Given Consensus Rating of “Buy” by Analysts

Shares of Champion Iron Limited (TSE:CIA) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$6.08.

CIA has been the topic of several analyst reports. Scotia cut their target price on 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. TD increased their price target on shares of Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank cut their price objective on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research report on Monday, June 15th. Finally, National Bank Financial reduced their price objective on shares of 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.

Champion Iron Stock Up 2.2%

Shares of TSE:CIA traded up C$0.07 on Friday, reaching C$3.24. The company had a trading volume of 303,019 shares, compared to its average volume of 446,326. Champion Iron has a 52-week low of C$3.02 and a 52-week high of C$6.14. The firm’s 50 day simple moving average is C$3.56 and its 200-day simple moving average is C$4.25. The firm has a market capitalization of C$1.81 billion, a PE ratio of 16.20, a PEG ratio of -1.35 and a beta of 0.30. 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 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.