Champion Iron (TSE:CIA) Given New C$6.50 Price Target at TD

Key Points

• TD raised its price target on Champion Iron to C$6.50 from C$5.00 and kept a buy rating, implying about 61.7% upside from the previous close.
• Analyst views remain mostly positive overall, though mixed: Champion Iron has a consensus Buy rating with an average target price of C$6.08, but recent moves included a Scotiabank cut, a National Bank target, and a BMO downgrade to hold.
• The stock traded up to C$4.02 on heavy volume, below its 12-month high of C$6.14, while the company reported C$0.05 EPS on C$414.5 million in quarterly revenue in its latest results.

Champion Iron (TSE:CIA - Get Free Report) had its target price increased by analysts at TD from C$5.00 to C$6.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD's target price indicates a potential upside of 61.69% from the stock's previous close.

A number of other analysts have also recently issued reports on CIA. Scotiabank cut their price objective on Champion Iron from C$6.00 to C$5.50 and set a "sector outperform" rating for the company in a research report on Monday, June 15th. National Bank Financial set a C$5.75 price target on Champion Iron and gave the company an "outperform" rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets downgraded Champion Iron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Champion Iron currently has a consensus rating of "Buy" and an average target price of C$6.08.

Champion Iron Stock Performance

Shares of CIA stock traded up C$0.09 on Tuesday, reaching C$4.02. The stock had a trading volume of 1,899,297 shares, compared to its average volume of 385,671. Champion Iron has a 12 month low of C$3.69 and a 12 month high of C$6.14. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of -1.35 and a beta of 0.31. The firm's 50-day moving average is C$4.34 and its two-hundred day moving average is C$4.94. The company has a quick ratio of 2.01, a current ratio of 2.60 and a debt-to-equity ratio of 70.43.

Champion Iron (TSE:CIA - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$414.50 million during the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. On average, research analysts expect that Champion Iron will post 0.5958254 EPS for the current fiscal year.

About Champion Iron

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company's operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others.

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