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

Desjardins upgraded shares of Champion Iron (TSE:CIAFree Report) to a moderate buy rating in a research report released on Thursday, Zacks.com reports.

Several other brokerages also recently issued reports on CIA. Scotiabank boosted their price objective on Champion Iron from C$7.00 to C$7.25 and gave the company a “sector perform” rating in a research report on Monday, July 15th. TD Securities cut their target price on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Champion Iron currently has an average rating of “Moderate Buy” and a consensus target price of C$8.10.

Check Out Our Latest Research Report on CIA

Champion Iron Stock Up 4.5 %

Shares of TSE:CIA opened at C$5.61 on Thursday. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The company’s fifty day moving average is C$5.69 and its two-hundred day moving average is C$5.87. Champion Iron has a 1-year low of C$4.74 and a 1-year high of C$7.77. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39.

Champion Iron Company Profile

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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.

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