What is Cormark's Estimate for Champion Iron Q2 Earnings?

Key Points

• Cormark has revised its Q2 2026 earnings per share estimate for Champion Iron from $0.14 to $0.07, with a full-year estimate of $0.60 per share.
• Scotiabank lowered its price target for Champion Iron shares from C$6.00 to C$5.50, while maintaining an "outperform" rating.
• The consensus target price for Champion Iron currently stands at C$6.00, with analysts rating the stock a "buy".

Champion Iron Limited (TSE:CIA - Free Report) - Investment analysts at Cormark dropped their Q2 2026 EPS estimates for Champion Iron in a research note issued to investors on Thursday, July 31st. Cormark analyst S. Ioannou now expects that the company will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.14. The consensus estimate for Champion Iron's current full-year earnings is $0.60 per share. Cormark also issued estimates for Champion Iron's FY2026 earnings at $0.26 EPS.

CIA has been the subject of several other research reports. Scotiabank upgraded shares of Champion Iron from a "sector perform" rating to an "outperform" rating and dropped their price target for the stock from C$6.00 to C$5.50 in a research note on Monday, April 7th. CLSA upgraded Champion Iron to a "hold" rating in a report on Friday, May 30th. Finally, TD Securities cut their price target on Champion Iron from C$5.50 to C$5.00 and set a "buy" rating on the stock in a report on Thursday. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$6.00.

Champion Iron Price Performance

Shares of CIA opened at C$3.76 on Monday. The company has a market cap of C$1.94 billion, a P/E ratio of 15.04, a PEG ratio of -1.35 and a beta of 1.39. Champion Iron has a fifty-two week low of C$3.29 and a fifty-two week high of C$6.90. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The firm's 50 day moving average price is C$3.96 and its 200 day moving average price is C$4.34.

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.

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