Champion Iron (TSE:CIA) PT Lowered to C$6.50

Champion Iron (TSE:CIA - Get Free Report) had its price objective lowered by Scotiabank from C$7.00 to C$6.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's target price would suggest a potential upside of 4.50% from the company's current price.

Several other analysts have also commented on CIA. B. Riley boosted their price target on Champion Iron from C$8.00 to C$10.00 and gave the company a "buy" rating in a research note on Friday, January 12th. Raymond James reduced their price objective on Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st.

Champion Iron Stock Performance

Shares of CIA traded up C$0.25 on Wednesday, reaching C$6.22. 288,741 shares of the stock traded hands, compared to its average volume of 301,854. The firm has a market cap of C$3.22 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of -1.35 and a beta of 1.23. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01. Champion Iron has a 12 month low of C$4.57 and a 12 month high of C$7.77. The stock's 50-day moving average price is C$6.49 and its 200-day moving average price is C$6.66.

Champion Iron (TSE:CIA - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.19 by C$0.05. The business had revenue of C$506.89 million for the quarter, compared to analysts' expectations of C$468.60 million. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. Equities analysts forecast that Champion Iron will post 0.9822581 EPS for the current fiscal year.

Champion Iron Company Profile

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.