Champion Iron (TSE:CIA) Price Target Raised to C$7.00

Champion Iron (TSE:CIA) had its price objective boosted by Desjardins from C$6.00 to C$7.00 in a report issued on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Separately, Raymond James Financial upped their price target on shares of Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$6.13.

Champion Iron Price Performance

CIA opened at C$6.04 on Monday. The stock has a market capitalization of C$3.22 billion, a P/E ratio of 27.45, a PEG ratio of -1.35 and a beta of 0.61. The stock has a 50-day moving average price of C$5.27 and a 200-day moving average price of C$4.52. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. Champion Iron has a 12-month low of C$3.29 and a 12-month high of C$6.14.

Champion Iron (TSE:CIA) last announced its quarterly earnings results on Thursday, October 30th. The company reported C$0.11 EPS for the quarter. The business had revenue of C$492.89 million for the quarter. Champion Iron had a return on equity of 9.13% and a net margin of 8.51%. Equities analysts predict that Champion Iron will post 0.5958254 earnings per share 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.