Champion Iron (TSE:CIA) Stock Rating Lowered by BMO Capital Markets

Champion Iron (TSE:CIA) was downgraded by BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Champion Iron Trading Down 2.0%

Champion Iron stock opened at C$4.00 on Monday. The company has a debt-to-equity ratio of 70.43, a current ratio of 2.60 and a quick ratio of 2.01. Champion Iron has a one year low of C$3.43 and a one year high of C$6.14. The stock has a market capitalization of C$2.24 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. The business’s fifty day moving average is C$4.89 and its 200 day moving average is C$5.18.

Champion Iron (TSE:CIA) last released its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%.The company had revenue of C$414.51 million for the quarter. On average, sell-side analysts predict that Champion Iron will post 0.5958254 EPS for the current 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.