Analysts Set Champion Iron Limited (TSE:CIA) PT at C$6.13

Shares of Champion Iron Limited (TSE:CIA) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$6.13.

CIA has been the subject of a number of research reports. B. Riley Financial upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Friday, January 30th. Desjardins lifted their target price on Champion Iron from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Monday, January 5th. Raymond James Financial increased their price target 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. Finally, B.Riley Securit upgraded Champion Iron to a “strong-buy” rating in a report on Friday, January 30th.

Champion Iron Stock Performance

TSE:CIA opened at C$5.22 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89. Champion Iron has a 12-month low of C$3.29 and a 12-month high of C$6.14. The stock has a 50-day moving average price of C$5.66 and a 200 day moving average price of C$4.81. The stock has a market capitalization of C$2.78 billion, a P/E ratio of 15.35, a P/E/G ratio of -1.35 and a beta of 0.63.

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