Champion Iron Limited (TSE:CIA) Given Average Rating of “Buy” by Analysts

Shares of Champion Iron Limited (TSE:CIA) have earned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$6.08.

Several research analysts have recently commented on the company. National Bank Financial cut their price objective on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Scotiabank lowered their target price on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research note on Monday, June 15th. TD lifted their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Scotia lowered their price objective on shares of Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 31st.

Champion Iron Price Performance

Champion Iron stock opened at C$3.44 on Thursday. Champion Iron has a 52 week low of C$3.33 and a 52 week high of C$6.14. The business has a 50-day simple moving average of C$3.95 and a 200 day simple moving average of C$4.70. 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 stock has a market cap of C$1.93 billion, a price-to-earnings ratio of 17.20, a PEG ratio of -1.35 and a beta of 0.29.

Champion Iron (TSE:CIA) last announced its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. Champion Iron had a return on equity of 6.81% and a net margin of 5.99%.The business had revenue of C$414.50 million for the quarter. On average, research analysts forecast 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.