Champion Iron (TSE:CIA) Shares Down 5.9%

Shares of Champion Iron Limited (TSE:CIAGet Rating) dropped 5.9% during mid-day trading on Tuesday . The company traded as low as C$4.23 and last traded at C$4.28. Approximately 90,606 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 609,047 shares. The stock had previously closed at C$4.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank raised their price objective on Champion Iron from C$7.50 to C$8.50 in a research note on Wednesday, April 13th. Royal Bank of Canada lowered their price target on Champion Iron from C$8.50 to C$8.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. TD Securities decreased their target price on Champion Iron from C$7.00 to C$6.50 and set a “buy” rating on the stock in a report on Friday, July 29th. Raymond James lowered their price target on Champion Iron from C$8.75 to C$8.25 and set an “outperform” rating on the stock in a report on Wednesday, July 6th. Finally, Clarkson Capital reissued a “buy” rating on shares of Champion Iron in a research report on Tuesday, June 14th.

Champion Iron Stock Performance

The stock has a market cap of C$2.07 billion and a P/E ratio of 4.05. The stock has a fifty day simple moving average of C$5.18 and a 200-day simple moving average of C$5.95. The company has a debt-to-equity ratio of 36.09, a quick ratio of 1.67 and a current ratio of 2.42.

Champion Iron (TSE:CIAGet Rating) last issued its earnings results on Thursday, May 26th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.06. The firm had revenue of C$331.38 million during the quarter, compared to analyst estimates of C$222.70 million. On average, equities analysts expect that Champion Iron Limited will post 0.8799999 earnings per share for the current year.

Champion Iron Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 28th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, June 6th. This represents a dividend yield of 1.43%. Champion Iron’s payout ratio is presently 20.20%.

About Champion Iron

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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.

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