Cormark Weighs in on Champion Iron's Q3 Earnings (TSE:CIA)

Key Points

• Cormark Brokers have raised their Q3 2026 earnings per share estimate for Champion Iron Limited from $0.07 to $0.08, also projecting earnings of $0.60 per share for the full year.
• Various analysts have upgraded Champion Iron's ratings, with TD Securities lowering their price objective to C$5.00, while others have given buy ratings.
• Champion Iron's stock has seen a decline of 9.1%, currently priced at C$3.79, despite having a market capitalization of C$1.96 billion.

Champion Iron Limited (TSE:CIA - Free Report) - Equities researchers at Cormark boosted their Q3 2026 earnings per share estimates for Champion Iron in a research report issued on Thursday, July 31st. Cormark analyst S. Ioannou now anticipates that the company will earn $0.08 per share for the quarter, up from their previous forecast of $0.07. The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share. Cormark also issued estimates for Champion Iron's Q4 2026 earnings at $0.06 EPS, Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.08 EPS, Q4 2027 earnings at $0.08 EPS and FY2027 earnings at $0.30 EPS.

Several other research firms have also issued reports on CIA. TD Securities dropped their price objective on Champion Iron from C$5.50 to C$5.00 and set a "buy" rating for the company in a research note on Thursday. CLSA raised Champion Iron to a "hold" rating in a research note on Friday, May 30th. Finally, Scotiabank raised Champion Iron from a "sector perform" rating to an "outperform" rating and reduced their price objective for the stock from C$6.00 to C$5.50 in a research note on Monday, April 7th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$6.00.

Champion Iron Price Performance

Champion Iron stock traded down C$0.03 during mid-day trading on Friday, hitting C$3.76. 522,100 shares of the company were exchanged, compared to its average volume of 434,020. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The business has a fifty day moving average of C$3.96 and a 200 day moving average of C$4.34. Champion Iron has a 1-year low of C$3.29 and a 1-year high of C$6.90. The company has a market capitalization of C$1.94 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39.

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.