Champion Iron (TSE:CIA) Reaches New 1-Year High – Time to Buy?

Champion Iron Limited (TSE:CIA)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$6.14 and last traded at C$6.04, with a volume of 515591 shares trading hands. The stock had previously closed at C$6.09.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CIA. Raymond James Financial raised their target price on shares of Champion Iron from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Desjardins raised their price objective on shares of Champion Iron from C$6.00 to C$7.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$6.13.

Champion Iron Stock Performance

The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. The stock’s 50-day moving average price is C$5.31 and its 200-day moving average price is C$4.55. The company has a market cap of C$3.17 billion, a P/E ratio of 27.00, a PEG ratio of -1.35 and a beta of 0.61.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, October 30th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$492.89 million during the quarter. Champion Iron had a net margin of 8.51% and a return on equity of 9.13%. Equities analysts anticipate that Champion Iron Limited will post 0.5958254 EPS for the current year.

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.