Champion Iron (TSE:CIA) Shares Cross Below Fifty Day Moving Average of $6.51

Champion Iron Limited (TSE:CIA) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$6.51 and traded as low as C$5.86. Champion Iron shares last traded at C$5.93, with a volume of 231,527 shares traded.

Wall Street Analyst Weigh In

CIA has been the topic of a number of research analyst reports. B. Riley increased their price target on Champion Iron from C$8.00 to C$10.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Raymond James reduced their price objective on Champion Iron from C$8.50 to C$8.00 in a report on Monday, April 1st. Finally, Scotiabank downgraded Champion Iron from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$7.00 to C$7.50 in a report on Monday, January 15th.

Champion Iron Stock Performance

The stock has a 50 day moving average price of C$6.51 and a two-hundred day moving average price of C$6.66. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 44.59. The company has a market cap of C$3.07 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of -1.35 and a beta of 1.23.

Champion Iron (TSE:CIA) last posted its quarterly earnings results on Wednesday, January 31st. The company reported C$0.24 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.05. The company had revenue of C$506.89 million for the quarter, compared to the consensus estimate of C$468.60 million. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. Analysts predict that Champion Iron Limited will post 0.9822581 EPS for the current year.

About Champion Iron

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.