Champion Iron (TSE:CIA) Price Target Cut to C$6.50

Champion Iron (TSE:CIA) had its price target decreased by analysts at Scotiabank from C$7.00 to C$6.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 5.35% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. B. Riley lifted their price target on Champion Iron from C$8.00 to C$10.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Raymond James cut their price target on Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st.

Champion Iron Stock Performance

Shares of Champion Iron stock opened at C$6.17 on Wednesday. Champion Iron has a one year low of C$4.57 and a one year high of C$7.77. The firm has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 10.82, a PEG ratio of -1.35 and a beta of 1.23. The business has a 50-day simple moving average of C$6.45 and a 200 day simple moving average of C$6.66. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01.

Champion Iron (TSE:CIA) last issued its earnings results on Wednesday, January 31st. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.05. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. The business had revenue of C$506.89 million during the quarter, compared to analyst estimates of C$468.60 million. On average, research analysts anticipate that Champion Iron will post 0.9822581 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.