Desjardins Comments on Champion Iron FY2027 Earnings

Key Points

• Desjardins predicts Champion Iron will earn $0.72 per share for FY2027, surpassing the current consensus estimate of $0.60 per share.
• TD Securities reduced their price target for Champion Iron stock from C$5.50 to C$5.00 while maintaining a "buy" rating, reflecting a cautious outlook.
• The stock has a current consensus rating of "Buy" with an average price target of C$6.00, indicating potential growth despite recent adjustments in price expectations.

Champion Iron Limited (TSE:CIA - Free Report) - Desjardins issued their FY2027 earnings estimates for Champion Iron in a research report issued on Wednesday, October 1st. Desjardins analyst B. Adams anticipates that the company will post earnings of $0.72 per share for the year. The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share.

Separately, TD Securities decreased their price objective on shares of Champion Iron from C$5.50 to C$5.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$6.00.

Champion Iron Price Performance

CIA opened at C$4.46 on Monday. 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 has a 52-week low of C$3.29 and a 52-week high of C$6.48. The company has a 50 day moving average of C$4.08 and a two-hundred day moving average of C$4.03. The company has a market cap of C$2.38 billion, a P/E ratio of 27.88, a P/E/G ratio of -1.35 and a beta of 0.68.

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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