Champion Iron Limited (TSE:CIA) Receives C$7.63 Consensus Price Target from Analysts

Champion Iron Limited (TSE:CIA) has earned an average recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$7.63.

Several equities research analysts have issued reports on CIA shares. B. Riley raised shares of Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st. TD Securities lowered their target price 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 target on Champion Iron and gave the company an “outperform” rating in a research note on Thursday, January 2nd. Citigroup raised Champion Iron to a “strong-buy” rating in a report on Sunday, January 19th. Finally, Desjardins upgraded Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st.

Champion Iron Stock Performance

Shares of CIA opened at C$5.15 on Friday. The company has a market capitalization of C$2.67 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. 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 one year low of C$4.74 and a one year high of C$7.58. The company’s fifty day moving average price is C$5.24 and its 200 day moving average price is C$5.47.

Champion Iron (TSE:CIA) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.04 EPS for the quarter, missing the consensus estimate 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 in the prior year, the company earned $0.12 earnings per share. As a group, analysts expect that Champion Iron will post 0.5958254 earnings per share for the current year.

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.