Champion Iron (TSE:CIA) Sets New 12-Month Low – What’s Next?

Champion Iron Limited (TSE:CIA) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$3.33 and last traded at C$3.36, with a volume of 74751 shares changing hands. The stock had previously closed at C$3.37.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CIA. Scotiabank dropped their price objective 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. Scotia decreased their target price on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. TD raised their price objective 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 lowered shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, National Bank Financial decreased their price target on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$6.08.

Champion Iron Trading Up 0.6%

The company has a current ratio of 1.56, a quick ratio of 2.01 and a debt-to-equity ratio of 87.81. The company has a market cap of C$1.90 billion, a P/E ratio of 16.95, a PEG ratio of -1.35 and a beta of 0.29. The business has a 50 day moving average price of C$3.82 and a 200-day moving average price of C$4.57.

Champion Iron (TSE:CIA) last released 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 firm had revenue of C$414.50 million during the quarter. Analysts forecast that Champion Iron Limited will post 0.5958254 earnings per share for the current fiscal year.

About Champion Iron

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.