Champion Iron (CIA) Scheduled to Post Quarterly Earnings on Thursday

Champion Iron (TSE:CIA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Champion Iron (TSE:CIA) last issued its earnings results on Tuesday, July 30th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.01). The firm had revenue of C$467.08 million during the quarter, compared to the consensus estimate of C$454.50 million. Champion Iron had a return on equity of 22.52% and a net margin of 17.64%.

Champion Iron Price Performance

Shares of CIA opened at C$5.58 on Thursday. Champion Iron has a twelve month low of C$4.74 and a twelve month high of C$7.77. The company has a market capitalization of C$2.89 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The firm has a 50 day moving average of C$5.67 and a 200 day moving average of C$5.90. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CIA shares. Scotiabank upped their price objective on Champion Iron from C$7.00 to C$7.25 and gave the company a “sector perform” rating in a research report on Monday, July 15th. Desjardins set a C$8.25 price target on shares of Champion Iron and gave the company a “buy” rating in a research report on Wednesday, July 17th.

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.