Champion Iron (TSE:CIA) Stock Passes Below 50 Day Moving Average of $6.35

Shares of Champion Iron Limited (TSE:CIA) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$6.35 and traded as low as C$6.29. Champion Iron shares last traded at C$6.39, with a volume of 143,207 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on CIA. B. Riley increased their target price on Champion Iron from C$8.00 to C$10.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Scotiabank lowered their price objective on shares of Champion Iron from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. Finally, Raymond James cut their target price on shares of Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st.

Champion Iron Stock Up 0.9 %

The business has a 50-day simple moving average of C$6.35 and a 200-day simple moving average of C$6.72. The company has a debt-to-equity ratio of 44.59, a quick ratio of 2.01 and a current ratio of 2.85. The company has a market cap of C$3.31 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of -1.35 and a beta of 1.23.

Champion Iron Company Profile

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.