Champion Iron (TSE:CIA) PT Lowered to C$6.50 at Scotiabank

Champion Iron (TSE:CIA) had its target price reduced by Scotiabank from C$7.00 to C$6.50 in a research note released on Wednesday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on CIA. B. Riley raised their price objective on shares of Champion Iron from C$8.00 to C$10.00 and gave the company a buy rating in a research report on Friday, January 12th. Raymond James lowered their price objective on shares of Champion Iron from C$8.50 to C$8.00 in a research report on Monday, April 1st.

Champion Iron Trading Up 2.9 %

Shares of CIA stock opened at C$6.35 on Wednesday. Champion Iron has a 12-month low of C$4.57 and a 12-month high of C$7.77. The company has a market capitalization of C$3.29 billion, a P/E ratio of 11.14, a P/E/G ratio of -1.35 and a beta of 1.23. The firm has a 50-day moving average price of C$6.43 and a 200 day moving average price of C$6.68. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 44.59.

Champion Iron (TSE:CIA) last announced its quarterly earnings results on Wednesday, January 31st. The company reported C$0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.05. The firm had revenue of C$506.89 million during the quarter, compared to the consensus estimate of C$468.60 million. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. Research analysts forecast that Champion Iron will post 0.9822581 earnings per share for the current fiscal year.

Champion Iron Company Profile

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.