Champion Iron (TSE:CIA) Trading Down 6.3% – Here’s What Happened

Champion Iron Limited (TSE:CIA) traded down 6.3% during mid-day trading on Friday . The company traded as low as C$4.37 and last traded at C$4.45. 282,205 shares were traded during trading, a decline of 16% from the average session volume of 336,236 shares. The stock had previously closed at C$4.75.

Wall Street Analysts Forecast Growth

Separately, B. Riley Financial raised shares of Champion Iron to a “strong-buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$6.33.

Champion Iron Stock Performance

The company has a quick ratio of 2.01, a current ratio of 2.56 and a debt-to-equity ratio of 67.59. The company has a market cap of C$2.37 billion, a PE ratio of 13.09, a P/E/G ratio of -1.35 and a beta of 0.52. The business’s fifty day moving average is C$4.96 and its 200-day moving average is C$5.20.

Champion Iron (TSE:CIA) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$414.51 million for the quarter. Champion Iron had a net margin of 10.38% and a return on equity of 12.64%. As a group, research analysts predict that Champion Iron Limited will post 0.5958254 EPS for the current fiscal 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.