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

Shares of Champion Iron Limited (TSE:CIA) reached a new 52-week low on Monday . The company traded as low as C$4.32 and last traded at C$4.37, with a volume of 45992 shares changing hands. The stock had previously closed at C$4.56.

Analyst Ratings Changes

CIA has been the topic of several analyst reports. Citigroup upgraded Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. B. Riley raised shares of Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Scotiabank cut their price target on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a report on Thursday, January 30th. Finally, Raymond James set a C$8.00 price target on shares of Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. One 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$7.44.

Champion Iron Trading Up 0.2 %

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 firm has a market capitalization of C$2.27 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The firm’s 50-day simple moving average is C$4.95 and its 200-day simple moving average is C$5.29.

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.