Analysts Issue Forecasts for Champion Iron FY2027 Earnings

Champion Iron Limited (TSE:CIA) – Analysts at Scotiabank upped their FY2027 earnings per share estimates for Champion Iron in a note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of ($0.48) for the year, up from their previous forecast of ($0.62). Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Champion Iron from C$5.50 to C$3.75 and set a “buy” rating for the company in a research report on Friday, October 30th. TD reduced their target price on shares of Champion Iron from C$4.00 to C$3.50 and set a “buy” rating for the company in a research note on Friday, October 30th. Royal Bank Of Canada lowered their target price on shares of Champion Iron from C$8.00 to C$4.00 and set an “outperform” rating on the stock in a report on Tuesday. Scotia lowered their target price on shares of Champion Iron from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Finally, National Bank Financial dropped their price target on shares of Champion Iron from C$4.00 to C$3.00 and set an “outperform” rating on the stock in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$4.41.

Champion Iron Stock Performance

TSE:CIA opened at C$2.04 on Friday. The firm’s fifty day moving average price is C$2.82 and its 200 day moving average price is C$4.13. Champion Iron has a 1-year low of C$1.74 and a 1-year high of C$6.14. The company has a debt-to-equity ratio of 92.23, a current ratio of 1.60 and a quick ratio of 2.01. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of 204.00, a price-to-earnings-growth ratio of -1.35 and a beta of 0.77.

Champion Iron Company Profile

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.