Champion Iron (TSE:CIA – Free Report) had its price target lifted by Scotiabank from C$7.00 to C$7.25 in a report published on Monday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.
Separately, Raymond James decreased their price objective on shares of Champion Iron from C$8.50 to C$8.00 in a research report on Monday, April 1st.
View Our Latest Stock Report on CIA
Champion Iron Stock Performance
Champion Iron (TSE:CIA – Get Free Report) last issued its quarterly earnings results on Friday, May 31st. The company reported C$0.05 EPS for the quarter, beating the consensus estimate of C$0.01 by C$0.04. The company had revenue of C$332.67 million during the quarter, compared to analysts’ expectations of C$340.30 million. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. On average, research analysts predict that Champion Iron will post 0.6653386 EPS for the current fiscal year.
About Champion Iron
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.
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