Champion Iron (TSE:CIA) Rating Increased to Strong-Buy at Citigroup

Champion Iron (TSE:CIA) was upgraded by equities research analysts at Citigroup to a “strong-buy” rating in a research note issued on Sunday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. TD Securities cut 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 report on Friday, November 1st. Desjardins upgraded Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Raymond James set a C$8.00 target price on Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$7.63.

Champion Iron Trading Down 2.0 %

TSE CIA traded down C$0.11 on Friday, hitting C$5.30. 46,513 shares of the stock were exchanged, compared to its average volume of 364,023. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The stock has a fifty day moving average price of C$5.22 and a two-hundred day moving average price of C$5.49. The firm has a market capitalization of C$2.75 billion, a P/E ratio of 9.30, a P/E/G ratio of -1.35 and a beta of 1.39. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.58.

Champion Iron (TSE:CIA) last released its quarterly earnings data on Thursday, October 31st. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.12 earnings per share. Research analysts forecast that Champion Iron will post 0.5958254 EPS for the current fiscal 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.