Champion Iron Limited (TSE:CIA - Free Report) - Stock analysts at Cormark cut their FY2024 earnings per share (EPS) estimates for shares of Champion Iron in a research report issued to clients and investors on Thursday, April 25th. Cormark analyst S. Ioannou now forecasts that the company will post earnings per share of $0.41 for the year, down from their prior estimate of $0.60. The consensus estimate for Champion Iron's current full-year earnings is $0.98 per share. Cormark also issued estimates for Champion Iron's Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.
Champion Iron (TSE:CIA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.05. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. The business had revenue of C$506.89 million during the quarter, compared to analyst estimates of C$468.60 million.
A number of other equities analysts also recently weighed in on the stock. B. Riley upped their price target on shares of Champion Iron from C$8.00 to C$10.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. Raymond James lowered their target price on Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st. Finally, Scotiabank dropped their target price on Champion Iron from C$7.00 to C$6.50 and set a "sector perform" rating on the stock in a research report on Wednesday, April 24th.
Read Our Latest Analysis on Champion Iron
Champion Iron Stock Up 2.5 %
Champion Iron stock traded up C$0.16 during trading hours on Monday, hitting C$6.51. The company had a trading volume of 474,160 shares, compared to its average volume of 307,727. The firm's fifty day moving average is C$6.42 and its 200-day moving average is C$6.69. The firm has a market capitalization of C$3.37 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of -1.35 and a beta of 1.23. Champion Iron has a fifty-two week low of C$4.57 and a fifty-two week high of C$7.77. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01.
About Champion Iron
(
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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.
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