FY2027 EPS Estimates for Champion Iron Lowered by Scotiabank

Key Points

• Scotiabank lowered Champion Iron’s FY2027 EPS forecast to a loss of C$0.04 from its previous estimate of C$0.10, while maintaining a “Sector Outperform” rating and C$5.50 price target.
• Analyst sentiment remains positive overall, with Champion Iron carrying a consensus “Buy” rating and an average target price of C$6.08, despite mixed recent target-price and rating changes.
• Shares opened at C$3.49, near their 52-week low of C$3.33 and below both the 50-day and 200-day moving averages. In its latest quarter, the company reported C$0.05 EPS and C$414.5 million in revenue.

Champion Iron Limited (TSE:CIA - Free Report) - Stock analysts at Scotiabank lowered their FY2027 earnings per share estimates for shares of Champion Iron in a research note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of ($0.04) for the year, down from their prior forecast of $0.10. Scotiabank has a "Sector Outperform" rating and a $5.50 price objective on the stock. The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share.

Several other equities research analysts have also recently weighed in on the stock. National Bank Financial cut their price objective on shares of Champion Iron from C$5.75 to C$5.50 and set an "outperform" rating for the company in a research report on Tuesday, July 14th. TD raised their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the company a "buy" rating in a report on Tuesday, July 14th. BMO Capital Markets cut shares of Champion Iron from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Finally, Scotia cut 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 report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Champion Iron has an average rating of "Buy" and a consensus target price of C$6.08.

Champion Iron Stock Up 1.5%

Shares of TSE CIA opened at C$3.49 on Friday. The company has a debt-to-equity ratio of 87.81, a quick ratio of 2.01 and a current ratio of 1.56. Champion Iron has a 52 week low of C$3.33 and a 52 week high of C$6.14. The stock has a market capitalization of C$1.95 billion, a P/E ratio of 17.45, a PEG ratio of -1.35 and a beta of 0.29. The stock's fifty day moving average is C$3.92 and its 200 day moving average is C$4.68.

Champion Iron (TSE:CIA - Get Free Report) last released its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$414.50 million during the quarter. Champion Iron had a return on equity of 6.81% and a net margin of 5.99%.

Champion Iron Company Profile

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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