Scotiabank Increases Champion Iron (TSE:CIA) Price Target to C$7.25

Champion Iron (TSE:CIA) 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.

Champion Iron Stock Performance

Shares of CIA stock opened at C$5.65 on Monday. 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 has a 52 week low of C$4.57 and a 52 week high of C$7.77. The stock has a market capitalization of C$2.93 billion, a PE ratio of 10.12, a P/E/G ratio of -1.35 and a beta of 1.23. The firm has a 50 day moving average of C$6.17 and a two-hundred day moving average of C$6.53.

Champion Iron (TSE:CIA) 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.