Champion Iron Limited (TSE:CIA) Receives Average Rating of “Buy” from Analysts

Shares of Champion Iron Limited (TSE:CIA) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$6.05.

A number of analysts have recently commented on the company. BMO Capital Markets lowered Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank cut their price target on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a report on Monday. Finally, National Bank Financial set a C$5.75 price target on Champion Iron and gave the company an “outperform” rating in a report on Wednesday, June 10th.

Champion Iron Price Performance

TSE:CIA opened at C$4.13 on Wednesday. Champion Iron has a 1 year low of C$3.43 and a 1 year high of C$6.14. The company has a current ratio of 2.60, a quick ratio of 2.01 and a debt-to-equity ratio of 70.43. The stock has a market cap of C$2.31 billion, a price-to-earnings ratio of 12.91, a PEG ratio of -1.35 and a beta of 0.29. The stock has a 50-day moving average price of C$4.75 and a two-hundred day moving average price of C$5.14.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C$414.51 million during the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. As a group, equities analysts expect that Champion Iron will post 0.5958254 earnings per share for the current year.

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.