Champion Iron Limited (TSE:CIA) Given Consensus Recommendation of “Buy” by Brokerages

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

CIA has been the topic of several recent analyst reports. Scotiabank dropped their price objective on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research note on Monday, June 15th. National Bank Financial dropped their price target 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. TD upped 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. Finally, BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th.

Champion Iron Stock Down 9.3%

Shares of TSE:CIA traded down C$0.36 during midday trading on Thursday, hitting C$3.50. 1,034,496 shares of the company’s stock were exchanged, compared to its average volume of 419,795. The company has a debt-to-equity ratio of 70.43, a current ratio of 2.60 and a quick ratio of 2.01. Champion Iron has a 12 month low of C$3.45 and a 12 month high of C$6.14. The company has a market cap of C$1.96 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of -1.35 and a beta of 0.31. The stock has a 50 day moving average price of C$4.09 and a 200-day moving average price of C$4.78.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. Champion Iron had a return on equity of 11.36% and a net margin of 9.55%.The firm had revenue of C$414.50 million during the quarter. On average, sell-side analysts anticipate 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.