Champion Iron Ltd (TSE:CIA) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$2.35 and last traded at C$2.34, with a volume of 273955 shares changing hands. The stock had previously closed at C$2.31.

Several equities research analysts have recently commented on CIA shares. TD Securities boosted their target price on shares of Champion Iron from C$1.95 to C$2.00 in a research note on Friday, February 15th. Raymond James reaffirmed an “outperform” rating and issued a C$3.00 price target on shares of Champion Iron in a research note on Tuesday, April 16th. Finally, B. Riley reaffirmed a “buy” rating on shares of Champion Iron in a research note on Wednesday, April 24th.

The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 153.85. The company has a market cap of $935.08 million and a P/E ratio of 18.28.

Champion Iron (TSE:CIA) last announced its quarterly earnings results on Thursday, February 14th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$147.55 million during the quarter.

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Champion Iron Company Profile (TSE:CIA)

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 Qu├ębec, 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.

Further Reading: Gross Domestic Product (GDP)

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