Champion Iron (TSE:CIA) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Champion Iron Limited (TSE:CIA) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.47 and traded as low as C$4.50. Champion Iron shares last traded at C$4.58, with a volume of 476,852 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on CIA. Raymond James Financial increased their target price on shares of Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Desjardins upped their price objective on shares of Champion Iron from C$6.00 to C$7.00 and gave the company a “buy” rating in a research note on Monday, January 5th. Finally, B. Riley Financial upgraded shares of Champion Iron to a “strong-buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$6.13.

Champion Iron Price Performance

The firm has a market cap of C$2.44 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of -1.35 and a beta of 0.50. The company has a current ratio of 2.56, a quick ratio of 2.01 and a debt-to-equity ratio of 67.59. The stock’s fifty day moving average price is C$5.47 and its 200-day moving average price is C$4.98.

Champion Iron Company Profile

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.