Champion Iron (TSE:CIA) Shares Cross Below 200 Day Moving Average – Should You Sell?

Champion Iron Limited (TSE:CIA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.65 and traded as low as C$5.27. Champion Iron shares last traded at C$5.30, with a volume of 205,011 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CIA. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. TD Securities lowered their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Trading Up 0.2 %

The business has a 50 day moving average of C$5.53 and a two-hundred day moving average of C$5.64. The firm has a market cap of C$2.75 billion, a P/E ratio of 9.30, a PEG ratio of -1.35 and a beta of 1.39. The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65.

Champion Iron Company Profile

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.