Champion Iron (TSE:CIA) Shares Cross Above 50-Day Moving Average – What’s Next?

Champion Iron Limited (TSE:CIA) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.22 and traded as high as C$5.57. Champion Iron shares last traded at C$5.55, with a volume of 54,681 shares trading hands.

Analysts Set New Price Targets

CIA has been the subject of several research reports. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. TD Securities dropped their price target on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Raymond James set a C$8.00 price objective on Champion Iron and gave the company an “outperform” rating in a research note on Thursday, January 2nd. Finally, Citigroup raised Champion Iron to a “strong-buy” rating in a research note on Sunday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Champion Iron currently has an average rating of “Buy” and a consensus target price of C$7.63.

Champion Iron Price Performance

The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65. The stock’s fifty day moving average price is C$5.23 and its two-hundred day moving average price is C$5.49. The firm has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last released its quarterly earnings data on Thursday, October 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same period last year, the firm earned $0.12 EPS. Equities research analysts expect that Champion Iron Limited will post 0.5958254 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.