Champion Iron Limited (TSE:CIA) Receives C$7.63 Consensus Price Target from Analysts

Champion Iron Limited (TSE:CIAGet Free Report) has been assigned an average rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$7.63.

CIA has been the topic of several research reports. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Raymond James set a C$8.00 price target on shares of Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. TD Securities reduced their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, B. Riley raised Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st.

Check Out Our Latest Research Report on CIA

Champion Iron Trading Down 1.0 %

Shares of TSE:CIA opened at C$5.15 on Friday. The stock has a market cap of C$2.67 billion, a PE ratio of 9.04, a P/E/G ratio of -1.35 and a beta of 1.39. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. Champion Iron has a 12-month low of C$4.74 and a 12-month high of C$7.58. The business has a 50 day moving average of C$5.24 and a 200-day moving average of C$5.47.

Champion Iron (TSE:CIAGet Free Report) last released its quarterly earnings results 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 net margin of 17.64% and a return on equity of 22.52%. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, equities research analysts forecast that Champion Iron will post 0.5958254 earnings per share for the current year.

Champion Iron Company Profile

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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.

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Analyst Recommendations for Champion Iron (TSE:CIA)

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