Citigroup Upgrades Champion Iron (TSE:CIA) to Strong-Buy

Champion Iron (TSE:CIA) was upgraded by investment analysts at Citigroup to a “strong-buy” rating in a report issued on Sunday,Zacks.com reports.

Several other brokerages have also recently commented on CIA. TD Securities decreased their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an “outperform” rating in a research note on Thursday, January 2nd. Finally, Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$7.63.

Champion Iron Stock Performance

CIA traded down C$0.11 during trading on Friday, hitting C$5.30. The company’s stock had a trading volume of 46,513 shares, compared to its average volume of 364,136. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. Champion Iron has a one year low of C$4.74 and a one year high of C$7.58. The firm has a market cap of C$2.75 billion, a PE ratio of 9.30, a P/E/G ratio of -1.35 and a beta of 1.39. The business’s 50 day simple moving average is C$5.22 and its 200-day simple moving average is C$5.49.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, October 31st. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same quarter in the previous year, the firm earned $0.12 earnings per share. As a group, sell-side analysts predict that Champion Iron will post 0.5958254 EPS for the current fiscal year.

Champion Iron Company Profile

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.