Champion Iron (TSE:CIA) Reaches New 1-Year Low – Here’s Why

Shares of Champion Iron Limited (TSE:CIA) reached a new 52-week low on Thursday . The stock traded as low as C$3.45 and last traded at C$3.48, with a volume of 561627 shares. The stock had previously closed at C$3.86.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. 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. National Bank Financial dropped their target price on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. TD raised their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Scotiabank reduced their price target on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a report on Monday, June 15th. Finally, Scotia decreased their price target on shares of Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$6.08.

Champion Iron Price Performance

The company has a debt-to-equity ratio of 87.81, a quick ratio of 2.01 and a current ratio of 1.56. The firm has a fifty day simple moving average of C$4.04 and a two-hundred day simple moving average of C$4.76. The firm has a market cap of C$1.94 billion, a PE ratio of 10.84, a PEG ratio of -1.35 and a beta of 0.31.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. Champion Iron had a net margin of 5.99% and a return on equity of 6.81%. The firm had revenue of C$414.50 million during the quarter. Equities analysts predict that Champion Iron Limited 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.