Champion Iron Limited (TSE:CIA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Champion Iron Limited (TSE:CIA) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$6.05.

Several brokerages recently issued reports on CIA. 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, June 15th. BMO Capital Markets downgraded Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, National Bank Financial set a C$5.75 target price on Champion Iron and gave the stock an “outperform” rating in a research report on Wednesday, June 10th.

Champion Iron Stock Down 0.5%

Shares of Champion Iron stock traded down C$0.02 during trading on Friday, reaching C$4.04. The company had a trading volume of 191,559 shares, compared to its average volume of 366,180. The company has a market cap of C$2.26 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. The firm’s fifty day moving average is C$4.45 and its 200-day moving average is C$5.00. The company has a debt-to-equity ratio of 70.43, a quick ratio of 2.01 and a current ratio of 2.60. Champion Iron has a fifty-two week low of C$3.69 and a fifty-two week high of C$6.14.

Champion Iron (TSE:CIA) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$414.50 million during the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. On average, analysts anticipate that Champion Iron will post 0.5958254 EPS 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.