Champion Iron (TSE:CIA) Trading Down 6.3% – Here’s What Happened

Champion Iron Limited (TSE:CIA) fell 6.3% during trading on Friday . The company traded as low as C$4.37 and last traded at C$4.45. 282,205 shares traded hands during trading, a decline of 16% from the average session volume of 336,236 shares. The stock had previously closed at C$4.75.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial upgraded shares of Champion Iron to a “strong-buy” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$6.33.

Champion Iron Stock Performance

The company has a market cap of C$2.37 billion, a P/E ratio of 13.09, a PEG ratio of -1.35 and a beta of 0.52. The business’s 50 day simple moving average is C$4.96 and its 200 day simple moving average is C$5.20. The company has a current ratio of 2.56, a quick ratio of 2.01 and a debt-to-equity ratio of 67.59.

Champion Iron (TSE:CIA) last released its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C$414.51 million for the quarter. Champion Iron had a net margin of 10.38% and a return on equity of 12.64%. Sell-side analysts predict that Champion Iron Limited will post 0.5958254 earnings per share for the current fiscal year.

Champion Iron Company Profile

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.