Analysts Set Champion Iron Limited (TSE:CIA) Target Price at C$6.08

Champion Iron Limited (TSE:CIA) has been assigned a consensus recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$6.08.

A number of equities analysts recently commented on CIA shares. BMO Capital Markets downgraded shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. National Bank Financial dropped their target price on 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. Scotia cut their price target on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. Scotiabank reduced their price target on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a research report on Monday, June 15th. Finally, TD upped their price objective on Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday, July 14th.

Champion Iron Price Performance

TSE:CIA opened at C$3.53 on Monday. The company has a debt-to-equity ratio of 87.81, a current ratio of 1.56 and a quick ratio of 2.01. Champion Iron has a 1-year low of C$3.32 and a 1-year high of C$6.14. The company has a 50-day moving average of C$3.72 and a 200 day moving average of C$4.43. The firm has a market cap of C$1.98 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29.

Champion Iron (TSE:CIA) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. Champion Iron had a net margin of 5.99% and a return on equity of 6.81%. The business had revenue of C$414.50 million during the quarter. As a group, research analysts anticipate that Champion Iron will post 0.5958254 EPS for the current fiscal year.

Champion Iron Company Profile

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.