Champion Iron (TSE:CIA) Reaches New 1-Year Low – Here’s Why

Champion Iron Limited (TSE:CIA)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$4.63 and last traded at C$4.75, with a volume of 73624 shares traded. The stock had previously closed at C$4.75.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CIA. Citigroup raised Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. Raymond James set a C$8.00 target price on Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd. Finally, Scotiabank lowered their price target 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. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Champion Iron has a consensus rating of “Buy” and a consensus price target of C$7.44.

Champion Iron Stock Performance

The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The business has a fifty day simple moving average of C$5.14 and a two-hundred day simple moving average of C$5.38. The company has a market cap of C$2.45 billion, a P/E ratio of 18.96, a P/E/G 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.