Champion Iron (TSE:CIA) Stock Rating Lowered by BMO Capital Markets

Champion Iron (TSE:CIA) was downgraded by equities researchers at BMO Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Champion Iron Stock Down 2.0%

CIA stock opened at C$4.00 on Monday. Champion Iron has a fifty-two week low of C$3.43 and a fifty-two week high of C$6.14. The business’s 50-day moving average is C$4.89 and its two-hundred day moving average is C$5.18. The company has a debt-to-equity ratio of 70.43, a quick ratio of 2.01 and a current ratio of 2.60. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of -1.35 and a beta of 0.29.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%.The company had revenue of C$414.51 million for the quarter. As a group, analysts forecast that Champion Iron will post 0.5958254 earnings per share for the current 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.