Champion Iron (TSE:CIA) Sets New 12-Month Low – Here’s What Happened

Champion Iron Limited (TSE:CIA)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$4.67 and last traded at C$4.79, with a volume of 80867 shares. The stock had previously closed at C$4.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley upgraded Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Scotiabank decreased their price objective on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd. Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Finally, Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$7.44.

Champion Iron Price Performance

The company has a market cap of C$2.57 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The stock has a 50 day simple moving average of C$5.22 and a two-hundred day simple moving average of C$5.43. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01.

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.