Champion Iron (TSE:CIA) Reaches New 1-Year High – Here’s What Happened

Champion Iron Limited (TSE:CIA)’s share price hit a new 52-week high on Thursday . The company traded as high as C$5.64 and last traded at C$5.64, with a volume of 89479 shares. The stock had previously closed at C$5.54.

Wall Street Analyst Weigh In

Separately, Desjardins raised Champion Iron to a “moderate buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$6.00.

Champion Iron Price Performance

The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The company’s 50-day moving average is C$4.84 and its 200-day moving average is C$4.30. The stock has a market cap of C$2.98 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of -1.35 and a beta of 0.32.

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