Champion Iron (TSE:CIA) Trading Down 1.4% After Analyst Downgrade

Champion Iron Limited (TSE:CIA)’s stock price fell 1.4% during trading on Thursday after Scotiabank lowered their price target on the stock from C$6.75 to C$6.50. Scotiabank currently has a sector perform rating on the stock. Champion Iron traded as low as C$4.91 and last traded at C$4.92. 64,094 shares were traded during trading, a decline of 82% from the average session volume of 364,991 shares. The stock had previously closed at C$4.99.

A number of other analysts have also recently commented on CIA. B. Riley raised Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Raymond James set a C$8.00 target price on Champion Iron and gave the stock an “outperform” rating in a 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 for the company in a report on Friday, November 1st. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Citigroup raised shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Champion Iron presently has a consensus rating of “Buy” and a consensus target price of C$7.44.

Champion Iron Stock Performance

The business’s 50 day simple moving average is C$5.24 and its two-hundred day simple moving average is C$5.45. The firm has a market capitalization of C$2.61 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. 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 (TSE:CIA) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the firm posted $0.12 EPS. Research analysts expect that Champion Iron Limited will post 0.5958254 earnings per share 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.