Champion Iron (CIA) PT Raised to C$3.50
Champion Iron (TSE:CIA) had its target price hoisted by TD Securities from C$2.50 to C$3.50 in a report issued on Thursday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. B. Riley reiterated a buy rating on shares of Champion Iron in a research report on Wednesday, April 24th. Raymond James reiterated an outperform rating and issued a C$3.00 price objective on shares of Champion Iron in a research report on Tuesday, April 16th.
Shares of CIA opened at C$2.91 on Thursday. The firm has a market capitalization of $1.25 billion and a price-to-earnings ratio of 22.73. The company has a debt-to-equity ratio of 153.85, a quick ratio of 1.76 and a current ratio of 2.19. Champion Iron has a 52 week low of C$0.89 and a 52 week high of C$3.10.
Champion Iron Limited explores, develops, and produces iron ore in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of BM877 mining lease and 114 mining claims located in Québec, 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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