Champion Iron Limited (TSE:CIA) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analysts maintain a “Buy” consensus on Champion Iron, with six buy ratings, one strong buy and one hold among eight analysts. The average 12-month price target is C$6.08.
• Several brokerages recently reduced their price targets, although TD raised its target to C$6.50; BMO also downgraded the stock from “strong buy” to “hold.”
• Champion Iron shares fell 2.0% to C$3.49, near their one-year low of C$3.32 and below both the 50-day and 200-day moving averages. The company most recently reported C$0.05 in quarterly EPS and C$414.5 million in revenue.

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) have earned a consensus recommendation of "Buy" from the eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$6.08.

A number of brokerages have recently commented on CIA. National Bank Financial cut their price target on Champion Iron from C$5.75 to C$5.50 and set an "outperform" rating on the stock in a report on Tuesday, July 14th. Scotiabank dropped their target price on Champion Iron from C$6.00 to C$5.50 and set a "sector outperform" rating on the stock in a research report on Monday, June 15th. BMO Capital Markets cut Champion Iron from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Scotia reduced their price target on Champion Iron from C$5.50 to C$5.00 and set a "sector outperform" rating for the company in a research report on Friday, July 31st. Finally, TD upped their price target on Champion Iron from C$5.00 to C$6.50 and gave the stock a "buy" rating in a research report on Tuesday, July 14th.

Champion Iron Trading Down 2.0%

Shares of Champion Iron stock traded down C$0.07 on Monday, hitting C$3.49. 56,653 shares of the company's stock traded hands, compared to its average volume of 444,575. The firm's 50-day moving average price is C$3.77 and its two-hundred day moving average price is C$4.49. The stock has a market capitalization of C$1.95 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. Champion Iron has a one year low of C$3.32 and a one year high of C$6.14. The company has a debt-to-equity ratio of 87.81, a current ratio of 1.56 and a quick ratio of 2.01.

Champion Iron (TSE:CIA - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$414.50 million for the quarter. Champion Iron had a return on equity of 6.81% and a net margin of 5.99%. On average, research analysts expect that Champion Iron will post 0.5958254 EPS for the current fiscal year.

About Champion Iron

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source