Champion Iron (TSE:CIA) Upgraded by Desjardins to “Moderate Buy” Rating

Desjardins upgraded shares of Champion Iron (TSE:CIA) to a moderate buy rating in a report released on Friday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CIA. B. Riley upgraded Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Scotiabank reduced their price objective on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. Finally, Raymond James reduced their price target on shares of Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Wednesday. One investment 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 currently has an average rating of “Buy” and an average target price of C$7.31.

Champion Iron Stock Down 8.9 %

TSE:CIA opened at C$3.70 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. Champion Iron has a 12-month low of C$3.61 and a 12-month high of C$7.11. The stock’s fifty day simple moving average is C$4.88 and its 200-day simple moving average is C$5.27. The firm has a market capitalization of C$1.91 billion, a P/E ratio of 14.80, a P/E/G ratio of -1.35 and a beta of 1.39.

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.