Raymond James Forecasts Reduced Earnings for Champion Iron

Champion Iron Limited (TSE:CIA) – Analysts at Raymond James dropped their FY2025 EPS estimates for Champion Iron in a research report issued on Thursday, January 30th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.34 per share for the year, down from their previous forecast of $0.38. Raymond James currently has a “Outperform” rating and a $8.00 target price on the stock. The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

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 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 last year, the firm posted $0.12 earnings per share.

Other equities research analysts have also recently issued research reports about the company. TD Securities lowered their target price on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Citigroup upgraded Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. B. Riley upgraded Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Scotiabank decreased their price target on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating for the company in a research report on Thursday. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Champion Iron currently has a consensus rating of “Buy” and an average price target of C$7.44.

Champion Iron Price Performance

Champion Iron stock opened at C$4.98 on Friday. The firm has a market capitalization of C$2.58 billion, a PE ratio of 8.74, a P/E/G ratio of -1.35 and a beta of 1.39. Champion Iron has a 52 week low of C$4.74 and a 52 week high of C$7.58. The firm’s 50-day simple moving average is C$5.23 and its 200 day simple moving average is C$5.45. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65.

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.