Champion Iron Limited (TSE:CIA) Receives Average Rating of “Buy” from Analysts

Shares of Champion Iron Limited (TSE:CIA) have received a consensus rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$6.13.

CIA has been the subject of several recent research reports. Desjardins lifted their price target on Champion Iron from C$6.00 to C$7.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. Raymond James Financial raised their price objective on Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, December 23rd.

Champion Iron Trading Up 0.7%

Shares of CIA opened at C$6.05 on Friday. The stock has a market capitalization of C$3.23 billion, a PE ratio of 27.50, a P/E/G ratio of -1.35 and a beta of 0.61. The company’s fifty day moving average is C$5.41 and its 200 day moving average is C$4.63. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. Champion Iron has a fifty-two week low of C$3.29 and a fifty-two week high of C$6.14.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, October 30th. The company reported C$0.11 EPS for the quarter. Champion Iron had a net margin of 8.51% and a return on equity of 9.13%. The business had revenue of C$492.89 million during the quarter. Sell-side analysts expect that Champion Iron will post 0.5958254 earnings per share 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.