Champion Iron (TSE:CIA) Price Target Cut to C$5.50 by Analysts at National Bank Financial

Champion Iron (TSE:CIA) had its price objective decreased by research analysts at National Bank Financial from C$5.75 to C$5.50 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 36.82% from the company’s current price.

Several other analysts have also commented on the company. TD increased their price objective on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a report on Tuesday. Scotiabank reduced their target price on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research report on Monday, June 15th. Finally, BMO Capital Markets cut Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$6.08.

Champion Iron Stock Up 2.3%

Shares of TSE:CIA traded up C$0.09 during trading on Tuesday, reaching C$4.02. The stock had a trading volume of 1,899,297 shares, compared to its average volume of 385,671. The firm’s 50-day simple moving average is C$4.34 and its 200 day simple moving average is C$4.94. The company has a current ratio of 2.60, a quick ratio of 2.01 and a debt-to-equity ratio of 70.43. Champion Iron has a one year low of C$3.69 and a one year high of C$6.14. The company has a market capitalization of C$2.25 billion, a P/E ratio of 12.56, a PEG ratio of -1.35 and a beta of 0.31.

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

About Champion Iron

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.