Champion Iron (TSE:CIA) Stock Gets Price Target Cut from Raymond James Financial

Champion Iron (TSE:CIA) had its target price trimmed by Raymond James Financial from C$6.25 to C$5.75 in a report released on Wednesday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. National Bank Financial lowered their price objective on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Scotiabank cut their target price on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research report on Monday, June 15th. TD raised their target price on Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Scotia lowered their price target on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating for the company in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Champion Iron currently has an average rating of “Buy” and a consensus target price of C$5.88.

Champion Iron Stock Down 2.8%

CIA stock opened at C$2.76 on Wednesday. The firm has a 50 day moving average of C$3.30 and a 200 day moving average of C$4.07. The stock has a market capitalization of C$1.55 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of -1.35 and a beta of 0.53. The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 87.81. Champion Iron has a 52 week low of C$2.70 and a 52 week high of C$6.14.

Champion Iron Company Profile

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.