Champion Iron (TSE:CIA) Upgraded at Desjardins

Desjardins upgraded shares of Champion Iron (TSE:CIA) to a moderate buy rating in a research report released on Thursday morning, Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Scotiabank increased their price objective on shares of Champion Iron from C$7.00 to C$7.25 and gave the stock a “sector perform” rating in a research report on Monday, July 15th. TD Securities reduced their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Champion Iron currently has an average rating of “Moderate Buy” and an average price target of C$8.10.

Champion Iron Price Performance

Shares of Champion Iron stock opened at C$5.61 on Thursday. The business’s fifty day moving average price is C$5.69 and its 200 day moving average price is C$5.87. Champion Iron has a twelve month low of C$4.74 and a twelve month high of C$7.77. The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65. The stock has a market capitalization of C$2.91 billion, a P/E ratio of 9.84, a PEG ratio of -1.35 and a beta of 1.39.

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.