Champion Iron (TSE:CIA) Given New C$4.00 Price Target at Raymond James

Champion Iron (TSE:CIA) had its price objective hoisted by Raymond James from C$3.75 to C$4.00 in a research report released on Friday, June 21st, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. TD Securities increased their target price on Saputo from C$45.00 to C$47.00 and gave the stock a hold rating in a research report on Thursday, May 30th. B. Riley reaffirmed a buy rating on shares of Champion Iron in a research report on Wednesday, April 24th.

Shares of CIA stock traded down C$0.05 during mid-day trading on Friday, hitting C$2.56. 873,300 shares of the company’s stock were exchanged, compared to its average volume of 941,005. The company has a current ratio of 2.75, a quick ratio of 2.00 and a debt-to-equity ratio of 111.70. The stock has a market capitalization of $1.10 billion and a PE ratio of 14.22. The company has a 50-day simple moving average of C$2.77. Champion Iron has a fifty-two week low of C$0.89 and a fifty-two week high of C$3.15.

About Champion Iron

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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