Champion Iron Limited (TSE:CIA) Given Average Rating of “Buy” by Brokerages

Champion Iron Limited (TSE:CIA) has received an average recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$6.08.

Several analysts recently weighed in on the company. National Bank Financial dropped their price target on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Scotiabank decreased their price objective on 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. TD increased their price objective on Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Scotia dropped their target price on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating for the company in a report on Friday, July 31st. Finally, 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.

Champion Iron Stock Performance

Champion Iron stock traded down C$0.07 during trading hours on Monday, hitting C$3.49. The company had a trading volume of 56,653 shares, compared to its average volume of 444,575. The firm has a 50-day moving average of C$3.77 and a 200 day moving average of C$4.49. The company has a debt-to-equity ratio of 87.81, a current ratio of 1.56 and a quick ratio of 2.01. The firm has a market cap of C$1.95 billion, a PE ratio of 17.45, a PEG ratio of -1.35 and a beta of 0.29. Champion Iron has a one year low of C$3.32 and a one year high of C$6.14.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 6.81% and a net margin of 5.99%.The company had revenue of C$414.50 million during the quarter. On average, sell-side analysts expect that Champion Iron will post 0.5958254 earnings per share for the current year.

Champion Iron Company Profile

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.