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

Champion Iron Limited (TSE:CIA) has been assigned an average rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$6.19.

Several research analysts have weighed in on CIA shares. BMO Capital Markets lowered Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday. National Bank Financial set a C$5.75 price objective on Champion Iron and gave the company an “outperform” rating in a report on Wednesday.

Champion Iron Stock Down 4.3%

Champion Iron stock traded down C$0.17 during mid-day trading on Wednesday, hitting C$3.79. The company’s stock had a trading volume of 714,782 shares, compared to its average volume of 348,899. The company has a market cap of C$2.12 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. Champion Iron has a 52-week low of C$3.43 and a 52-week high of C$6.14. The company has a debt-to-equity ratio of 70.43, a current ratio of 2.60 and a quick ratio of 2.01. The firm’s 50 day moving average is C$4.87 and its 200 day moving average is C$5.17.

Champion Iron (TSE:CIA) last issued its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$414.51 million for the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. On average, analysts anticipate that Champion Iron will post 0.5958254 earnings per share 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.