Champion Iron Limited (TSE:CIA) Given Average Recommendation of “Buy” by Analysts

Champion Iron Limited (TSE:CIA) has been given a consensus rating of “Buy” by the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$7.63.

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

Champion Iron Trading Up 0.6 %

Shares of Champion Iron stock opened at C$5.20 on Friday. The company’s 50-day moving average price is C$5.24 and its 200-day moving average price is C$5.48. 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 has a 12-month low of C$4.74 and a 12-month high of C$7.58. The company has a market cap of C$2.69 billion, a price-to-earnings ratio of 9.12, a PEG ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate 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 prior year, the firm posted $0.12 earnings per share. On average, equities analysts expect that Champion Iron will post 0.5958254 earnings per share for the current fiscal year.

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.