FY2026 EPS Estimates for Champion Iron Reduced by Scotiabank

Champion Iron Limited (TSE:CIA - Free Report) - Stock analysts at Scotiabank cut their FY2026 earnings estimates for shares of Champion Iron in a report released on Monday, June 9th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.32 per share for the year, down from their previous forecast of $0.43. Scotiabank currently has a "Outperform" rating and a $5.50 target price on the stock. The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share.

Other research analysts have also issued reports about the stock. Desjardins upgraded shares of Champion Iron to a "moderate buy" rating in a research note on Friday, April 4th. CLSA raised shares of Champion Iron to a "hold" rating in a report on Friday, May 30th. Finally, Raymond James reduced their target price on shares of 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Champion Iron has an average rating of "Buy" and a consensus target price of C$7.06.

Champion Iron Stock Performance

Shares of Champion Iron stock traded down C$0.15 during trading on Wednesday, hitting C$3.74. 554,111 shares of the stock were exchanged, compared to its average volume of 430,371. The stock has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a fifty day moving average price of C$3.93 and a 200-day moving average price of C$4.65. Champion Iron has a 1-year low of C$3.29 and a 1-year high of C$6.90. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89.

About Champion Iron

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.