Champion Iron (TSE:CIA) Price Target Cut to C$6.50

Champion Iron (TSE:CIA) had its price target lowered by research analysts at Scotiabank from C$7.00 to C$6.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 5.35% from the stock’s current price.

CIA has been the subject of several other reports. Raymond James lowered their target price on Champion Iron from C$8.50 to C$8.00 in a report on Monday, April 1st. B. Riley upped their target price on Champion Iron from C$8.00 to C$10.00 and gave the stock a “buy” rating in a report on Friday, January 12th.

Champion Iron Stock Performance

TSE:CIA opened at C$6.17 on Wednesday. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 44.59. Champion Iron has a 12-month low of C$4.57 and a 12-month high of C$7.77. The stock has a 50-day moving average price of C$6.45 and a 200 day moving average price of C$6.66. The stock has a market capitalization of C$3.20 billion, a P/E ratio of 10.82, a P/E/G ratio of -1.35 and a beta of 1.23.

Champion Iron (TSE:CIA) last released its quarterly earnings results on Wednesday, January 31st. The company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.05. The business had revenue of C$506.89 million during the quarter, compared to analysts’ expectations of C$468.60 million. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. Equities research analysts forecast that Champion Iron will post 0.9822581 EPS for the current fiscal year.

About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.