Champion Iron Stock Earnings Estimates Lowered by Scotiabank

Key Points

• Scotiabank lowered its FY2027 EPS forecast for Champion Iron to a loss of C$0.66 per share from a previous loss estimate of C$0.04, well below the broader consensus estimate of C$0.60 in earnings.
• Despite several analysts reducing price targets, Champion Iron maintains a consensus “Buy” rating and an average target price of C$5.88, supported by one Strong Buy, six Buy, and one Hold rating.
• The stock fell 9.1% to open at C$2.40, near its one-year low of C$2.37 and well below its 50-day and 200-day moving averages. Champion operates the Bloom Lake high-purity iron ore complex in Québec.

Champion Iron Limited (TSE:CIA - Free Report) - Analysts at Scotiabank decreased their FY2027 EPS estimates for Champion Iron in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of ($0.66) per share for the year, down from their previous estimate of ($0.04). The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share.

CIA has been the topic of a number of other reports. National Bank Financial decreased their target price on 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. TD boosted their price target on Champion Iron from C$5.00 to C$6.50 and gave the company a "buy" rating in a report on Tuesday, July 14th. Raymond James Financial cut their price target on 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. Finally, Scotia reduced their price target on 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. One research 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 company's stock. Based on data from MarketBeat, Champion Iron currently has an average rating of "Buy" and a consensus target price of C$5.88.

Champion Iron Trading Down 9.1%

TSE:CIA opened at C$2.40 on Friday. The company has a debt-to-equity ratio of 87.81, a current ratio of 1.56 and a quick ratio of 2.01. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of -1.35 and a beta of 0.53. Champion Iron has a one year low of C$2.37 and a one year high of C$6.14. The business has a fifty day moving average price of C$3.23 and a 200-day moving average price of C$4.00.

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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