TD Securities Cuts Champion Iron (TSE:CIA) Price Target to C$7.00

Champion Iron (TSE:CIA) had its price objective decreased by TD Securities from C$8.00 to C$7.00 in a report published on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts have also commented on CIA. Desjardins set a C$8.25 price objective on Champion Iron and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Scotiabank lifted their price target 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. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$8.10.

Champion Iron Stock Up 4.5 %

TSE CIA opened at C$5.61 on Friday. The stock has a market capitalization of C$2.91 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. Champion Iron has a 52 week low of C$4.74 and a 52 week high of C$7.77. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The stock has a fifty day moving average of C$5.69 and a 200-day moving average of C$5.87.

About Champion Iron

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.