Champion Iron (TSE:CIA) Reaches New 52-Week Low – Here’s What Happened

Champion Iron Limited (TSE:CIA)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$4.40 and last traded at C$4.51, with a volume of 875070 shares traded. The stock had previously closed at C$4.73.

Analysts Set New Price Targets

CIA has been the subject of several recent analyst reports. B. Riley raised Champion Iron to a “strong-buy” rating in a research note on Tuesday, January 21st. Raymond James set a C$8.00 price target on Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd. Citigroup raised Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. Finally, Scotiabank decreased their price target on Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$7.44.

Champion Iron Price Performance

The company has a 50 day moving average of C$5.12 and a two-hundred day moving average of C$5.37. The firm has a market cap of C$2.33 billion, a P/E ratio of 18.04, a PEG ratio of -1.35 and a beta of 1.39. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89.

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.