Champion Iron (TSE:CIA) Stock Price Down 0.2% – Time to Sell?

Champion Iron Limited (TSE:CIA)’s share price fell 0.2% during trading on Wednesday . The stock traded as low as C$5.39 and last traded at C$5.41. 633,008 shares changed hands during trading, an increase of 80% from the average session volume of 350,752 shares. The stock had previously closed at C$5.42.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CIA shares. TD Securities lowered their target price on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, November 1st. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Trading Up 1.5 %

The business has a 50 day moving average of C$5.66 and a two-hundred day moving average of C$5.70. The firm has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42.

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.