Champion Iron (TSE:CIA) Sets New 1-Year Low – Time to Sell?

Shares of Champion Iron Limited (TSE:CIA) hit a new 52-week low on Thursday . The stock traded as low as C$3.30 and last traded at C$3.31, with a volume of 69778 shares. The stock had previously closed at C$3.35.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CIA. Scotiabank lowered their target price on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a report on Monday, June 15th. TD increased their price target on shares of 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. National Bank Financial decreased their price target on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Scotia decreased their price target on shares of Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. Finally, BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$6.08.

Champion Iron Stock Performance

The company has a market capitalization of C$1.84 billion, a PE ratio of 16.45, a P/E/G ratio of -1.35 and a beta of 0.30. The company has a debt-to-equity ratio of 87.81, a quick ratio of 2.01 and a current ratio of 1.56. The business has a fifty day moving average price of C$3.62 and a 200 day moving average price of C$4.31.

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.