Scotiabank Trims Champion Iron (TSE:CIA) Target Price to C$6.50

Champion Iron (TSE:CIA) had its target price reduced by Scotiabank from C$7.00 to C$6.50 in a report released on Wednesday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley raised their target price on shares of Champion Iron from C$8.00 to C$10.00 and gave the company a buy rating in a research note on Friday, January 12th. Raymond James lowered their target price on shares of Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st.

Champion Iron Trading Up 2.9 %

Shares of TSE:CIA opened at C$6.35 on Wednesday. The company has a market cap of C$3.29 billion, a PE ratio of 11.14, a P/E/G ratio of -1.35 and a beta of 1.23. The company’s 50-day moving average price is C$6.43 and its 200 day moving average price is C$6.67. Champion Iron has a fifty-two week low of C$4.57 and a fifty-two week high of C$7.77. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 44.59.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Wednesday, January 31st. The company reported C$0.24 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.05. The firm had revenue of C$506.89 million for the quarter, compared to the consensus estimate of C$468.60 million. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. Sell-side analysts anticipate that Champion Iron will post 0.9822581 earnings per share for the current year.

About Champion Iron

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.