Champion Iron Limited (TSE:CIA) Given Average Rating of “Buy” by Brokerages

Champion Iron Limited (TSE:CIA) has earned an average rating of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$6.13.

CIA has been the topic of a number of research reports. Raymond James Financial raised their target price on shares of Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Desjardins lifted 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. Finally, B. Riley Financial raised Champion Iron to a “strong-buy” rating in a research report on Friday, January 30th.

Champion Iron Stock Performance

CIA opened at C$5.22 on Friday. The company’s 50 day moving average is C$5.58 and its 200 day moving average is C$4.93. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 15.35, a PEG ratio of -1.35 and a beta of 0.63. Champion Iron has a 12-month low of C$3.29 and a 12-month high of C$6.14. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89.

About Champion Iron

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.