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

Champion Iron Limited (TSE:CIA) reached a new 52-week low on Monday . The stock traded as low as C$4.67 and last traded at C$4.79, with a volume of 80867 shares trading hands. The stock had previously closed at C$4.98.

Analyst Ratings Changes

CIA has been the topic of several research analyst reports. 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 research report on Thursday. Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an “outperform” rating in a research note on Thursday, January 2nd. Desjardins upgraded Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, B. Riley upgraded Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$7.44.

Champion Iron Price Performance

The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. The company’s 50 day simple moving average is C$5.23 and its 200 day simple moving average is C$5.44. The stock has a market cap of C$2.54 billion, a P/E ratio of 8.60, a P/E/G ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, October 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same period in the prior year, the firm earned $0.12 EPS. As a group, equities analysts forecast that Champion Iron Limited will post 0.5958254 earnings per share for the current year.

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.