Champion Iron (TSE:CIA) Stock Gets Price Target Trim from Royal Bank Of Canada

by · The Markets Daily

Champion Iron (TSE:CIA – Free Report) had its price target reduced by Royal Bank Of Canada from C$8.00 to C$4.00 in a research report released on Tuesday,BayStreet reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on CIA. Raymond James Financial decreased their target price on Champion Iron from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Scotiabank downgraded Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Scotia cut their price target on Champion Iron from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Friday, October 30th. National Bank Financial reduced their price objective on Champion Iron from C$4.00 to C$3.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Finally, TD reduced their price objective on Champion Iron from C$4.00 to C$3.50 and set a “buy” rating for the company in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$4.41.

Get Our Latest Analysis on CIA

Champion Iron Stock Up 6.3%

Shares of TSE CIA opened at C$2.04 on Tuesday. The firm has a market cap of C$1.14 billion, a PE ratio of 204.00, a P/E/G ratio of -1.35 and a beta of 0.77. Champion Iron has a 12-month low of C$1.74 and a 12-month high of C$6.14. The company’s fifty day simple moving average is C$2.82 and its 200 day simple moving average is C$4.13. The company has a quick ratio of 2.01, a current ratio of 1.60 and a debt-to-equity ratio of 92.23.

Champion Iron Company Profile

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Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.

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