Brokerages Set Champion Iron Limited (TSE:CIA) Target Price at C$7.63

Shares of Champion Iron Limited (TSE:CIA) have received an average rating of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$7.63.

CIA has been the subject of a number of analyst reports. Citigroup upgraded Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. 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. Desjardins raised Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. Raymond James set a C$8.00 price target on Champion Iron and gave the stock an “outperform” rating in a research report on Thursday, January 2nd. Finally, B. Riley raised Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st.

Champion Iron Price Performance

Champion Iron stock opened at C$4.99 on Friday. The business has a fifty day moving average of C$5.24 and a two-hundred day moving average of C$5.46. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. The firm has a market cap of C$2.59 billion, a P/E ratio of 8.75, a P/E/G ratio of -1.35 and a beta of 1.39. Champion Iron has a twelve month low of C$4.74 and a twelve month high of C$7.58.

Champion Iron (TSE:CIA) last posted its earnings results 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 period in the previous year, the business posted $0.12 EPS. On average, analysts forecast 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.