Champion Iron (TSE:CIA) Upgraded at Scotiabank

Scotiabank upgraded shares of Champion Iron (TSE:CIA) from a sector perform rating to an outperform rating in a research note issued to investors on Monday, Marketbeat reports. They currently have C$5.50 target price on the stock, down from their previous target price of C$6.00.

Several other analysts also recently issued reports on the stock. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research note on Friday, April 4th. Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Raymond James cut their price objective on shares of Champion Iron from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$7.06.

Champion Iron Stock Up 1.6 %

TSE CIA opened at C$3.77 on Monday. The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. The company has a market capitalization of C$1.95 billion, a P/E ratio of 15.08, a PEG ratio of -1.35 and a beta of 1.39. The company’s 50 day simple moving average is C$4.75 and its 200 day simple moving average is C$5.22. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$7.11.

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.