Champion Iron Limited (TSE:CIA – Get Free Report) traded up 8.9% during trading on Tuesday . The company traded as high as C$5.81 and last traded at C$5.78. 81,082 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 292,498 shares. The stock had previously closed at C$5.31.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Desjardins set a C$8.25 price target on shares of Champion Iron and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Scotiabank increased their price target on shares of Champion Iron from C$7.00 to C$7.25 and gave the stock a “sector perform” rating in a research report on Monday, July 15th.
Read Our Latest Research Report on CIA
Champion Iron Price Performance
Champion Iron (TSE:CIA – Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.01). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. The company had revenue of C$467.08 million for the quarter, compared to analyst estimates of C$454.50 million. Equities analysts predict that Champion Iron Limited will post 0.6213592 EPS 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.
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