Champion Iron FY2027 Earnings Forecast Lifted by Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS forecast for Champion Iron to a loss of C$0.62 per share from a previous estimate of C$0.66, though the consensus forecast is earnings of C$0.60 per share.
• Analyst sentiment remains positive, with the stock carrying an average “Buy” rating and an average price target of C$5.88, despite several analysts recently cutting their targets.
• Champion Iron shares opened at C$2.14, near their 12-month low of C$2.12 and well below the 12-month high of C$6.14. The company operates the Bloom Lake iron ore complex in Québec, producing high-purity concentrates.

Champion Iron Limited (TSE:CIA - Free Report) - Analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for Champion Iron in a report issued on Thursday, October 22nd. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of ($0.62) for the year, up from their previous forecast of ($0.66). The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share.

Other equities research analysts have also recently issued reports about the stock. Scotia dropped their price target on shares of 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. TD upped their price objective on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a "buy" rating in a report on Tuesday, July 14th. National Bank Financial decreased their price objective on shares of 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. Finally, Raymond James Financial dropped their target price on shares of Champion Iron from C$6.25 to C$5.75 and set an "outperform" rating for the company in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$5.88.

Champion Iron Price Performance

Shares of TSE:CIA opened at C$2.14 on Monday. The business has a 50-day moving average price of C$3.09 and a 200 day moving average price of C$3.87. The company has a current ratio of 1.56, a quick ratio of 2.01 and a debt-to-equity ratio of 87.81. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 10.70, a PEG ratio of -1.35 and a beta of 0.53. Champion Iron has a 12-month low of C$2.12 and a 12-month high of C$6.14.

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.

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