B. Riley Brokers Raise Earnings Estimates for Champion Iron

Champion Iron Limited (TSE:CIA) – Equities research analysts at B. Riley upped their FY2025 earnings estimates for Champion Iron in a report released on Tuesday, February 11th. B. Riley analyst N. Giles now expects that the company will post earnings per share of $0.33 for the year, up from their previous estimate of $0.26. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

Other analysts have also issued research reports about the stock. Scotiabank dropped their price objective on shares of Champion Iron from C$6.75 to C$6.50 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. TD Securities dropped their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Raymond James set a C$8.00 price objective on shares of Champion Iron and gave the company 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 note on Thursday, October 31st. Finally, Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research note on Sunday, January 19th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$7.44.

Champion Iron Trading Up 5.0 %

TSE CIA opened at C$5.42 on Thursday. Champion Iron has a one year low of C$4.65 and a one year high of C$7.35. The company’s 50 day moving average price is C$5.20 and its 200 day moving average price is C$5.41. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 21.68, a PEG ratio of -1.35 and a beta of 1.39.

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.