Champion Iron (TSE:CIA) Given New C$5.50 Price Target at Scotiabank

Champion Iron (TSE:CIA) had its target price reduced by stock analysts at Scotiabank from C$6.00 to C$5.50 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 33.50% from the company’s previous close.

Several other research firms also recently issued reports on CIA. BMO Capital Markets downgraded Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. National Bank Financial set a C$5.75 target price on Champion Iron and gave the company an “outperform” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$6.05.

Champion Iron Stock Performance

TSE:CIA traded up C$0.09 during trading hours on Monday, reaching C$4.12. The company had a trading volume of 361,925 shares, compared to its average volume of 359,062. Champion Iron has a 1-year low of C$3.43 and a 1-year high of C$6.14. The firm has a market cap of C$2.31 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. The business’s 50 day moving average price is C$4.80 and its 200-day moving average price is C$5.15. 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 (TSE:CIA) last announced its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$414.51 million during the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. Research analysts forecast 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.