Champion Iron Stock Earnings Estimates Raised by Scotiabank

Champion Iron Limited (TSE:CIA) – Research analysts at Scotiabank increased their FY2027 earnings per share estimates for Champion Iron in a report issued on Thursday, October 22nd. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of ($0.62) for the year, up from their previous forecast of ($0.66). The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

Other research analysts also recently issued reports about the stock. National Bank Financial dropped their target price on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Raymond James Financial reduced their price target on shares of Champion Iron from C$6.25 to C$5.75 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Scotia decreased their price objective on shares of Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating for the company in a research note on Friday, July 31st. Finally, TD lifted their price objective on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$5.88.

Champion Iron Price Performance

TSE CIA opened at C$2.25 on Monday. The company has a current ratio of 1.56, a quick ratio of 2.01 and a debt-to-equity ratio of 87.81. Champion Iron has a 1 year low of C$2.12 and a 1 year high of C$6.14. The company has a market cap of C$1.26 billion, a PE ratio of 11.25, a PEG ratio of -1.35 and a beta of 0.53. The stock’s 50-day moving average price is C$3.04 and its two-hundred day moving average price is C$4.27.

About Champion Iron

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.