Champion Iron (TSE:CIA) Price Target Lowered to C$5.00 at Scotia

Champion Iron (TSE:CIA) had its target price reduced by Scotia from C$5.50 to C$5.00 in a report issued on Friday,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

A number of other brokerages have also recently weighed in on CIA. BMO Capital Markets cut Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. National Bank Financial reduced their price objective on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Scotiabank decreased their target price on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a report on Monday, June 15th. Finally, TD raised their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Champion Iron presently has a consensus rating of “Buy” and a consensus target price of C$6.08.

Champion Iron Stock Performance

CIA opened at C$3.47 on Friday. The firm has a market cap of C$1.94 billion, a PE ratio of 10.84, a P/E/G ratio of -1.35 and a beta of 0.31. The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 87.81. The business has a fifty day simple moving average of C$4.04 and a 200-day simple moving average of C$4.76. Champion Iron has a fifty-two week low of C$3.33 and a fifty-two week high of C$6.14.

Champion Iron (TSE:CIA) last announced its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 6.81% and a net margin of 5.99%.The company had revenue of C$414.50 million for the quarter. As a group, equities analysts predict that Champion Iron will post 0.5958254 EPS 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.