Champion Iron Limited (TSE:CIA)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.30 and last traded at C$6.22, with a volume of 274919 shares. The stock had previously closed at C$6.09.
Several research firms have issued reports on CIA. Raymond James raised their price target on shares of Champion Iron from C$6.25 to C$6.50 and gave the stock an “outperform” rating in a research note on Friday, January 29th. Laurentian Bank of Canada raised their target price on shares of Champion Iron from C$6.40 to C$6.50 in a research report on Friday, January 29th. Royal Bank of Canada raised their target price on shares of Champion Iron from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 2nd. TD Securities raised their target price on shares of Champion Iron from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research report on Monday, January 25th. Finally, Scotiabank raised their target price on shares of Champion Iron from C$6.50 to C$7.00 in a research report on Friday, January 29th.
The stock has a market capitalization of C$3.07 billion and a price-to-earnings ratio of 9.09. The company has a debt-to-equity ratio of 35.73, a current ratio of 3.17 and a quick ratio of 2.82. The business’s 50-day simple moving average is C$5.50 and its two-hundred day simple moving average is C$4.69.
Champion Iron Company Profile (TSE:CIA)
Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in North-Eastern Quebec. Its flagship project include the Bloom Lake mine, which consists of BM877 mining lease covering an area of 6,857.63 ha and 53 mining claims comprising an area of approximately 2,458.29 ha located in Quebec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.
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