Scotiabank Has Lowered Expectations for Champion Iron (TSE:CIA) Stock Price

Champion Iron (TSE:CIA) had its price objective lowered by equities research analysts at Scotiabank from C$6.75 to C$6.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 30.52% from the company’s previous close.

Several other research analysts have also commented on CIA. TD Securities cut their price objective 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. Raymond James set a C$8.00 price target on shares of Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. B. Riley upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Citigroup upgraded Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$7.44.

Champion Iron Stock Performance

TSE CIA opened at C$4.98 on Thursday. The company’s 50 day simple moving average is C$5.23 and its two-hundred day simple moving average is C$5.45. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. Champion Iron has a 1 year low of C$4.74 and a 1 year high of C$7.58. The stock 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 (TSE:CIA) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the business posted $0.12 EPS. Analysts predict 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.