Cormark Issues Negative Outlook for Champion Iron Earnings

Key Points

• Cormark analysts have reduced their Q1 2026 earnings per share (EPS) estimate for Champion Iron to ($0.04), down from a previous forecast of $0.01.
• Scotiabank upgraded Champion Iron from "sector perform" to "outperform," while simultaneously lowering their target price from C$6.00 to C$5.50.
• Champion Iron currently has an average rating of "Buy" from analysts, with a consensus target price of C$6.67.

Champion Iron Limited (TSE:CIA - Free Report) - Equities research analysts at Cormark lowered their Q1 2026 earnings per share estimates for Champion Iron in a research note issued to investors on Wednesday, July 23rd. Cormark analyst S. Ioannou now anticipates that the company will earn ($0.04) per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share. Cormark also issued estimates for Champion Iron's Q2 2026 earnings at $0.14 EPS, Q1 2027 earnings at $0.08 EPS, Q2 2027 earnings at $0.07 EPS, Q3 2027 earnings at $0.04 EPS, Q4 2027 earnings at $0.04 EPS and FY2027 earnings at $0.23 EPS.

Several other analysts have also issued reports on the company. Raymond James Financial cut their price objective on Champion Iron from C$8.00 to C$7.50 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. CLSA upgraded Champion Iron to a "hold" rating in a report on Friday, May 30th. Scotiabank upgraded Champion Iron from a "sector perform" rating to an "outperform" rating and cut their price objective for the stock from C$6.00 to C$5.50 in a report on Monday, April 7th. Finally, Desjardins upgraded Champion Iron to a "moderate buy" rating in a report on Friday, April 4th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Champion Iron currently has a consensus rating of "Buy" and a consensus price target of C$6.67.

Champion Iron Stock Down 0.2%

Shares of CIA traded down C$0.01 during mid-day trading on Friday, reaching C$4.36. The company's stock had a trading volume of 116,826 shares, compared to its average volume of 422,250. The business has a fifty day moving average of C$3.95 and a 200 day moving average of C$4.37. The company has a market cap of C$2.25 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. Champion Iron has a 1 year low of C$3.29 and a 1 year high of C$6.90. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89.

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.