FY2027 EPS Estimates for Champion Iron Lowered by Scotiabank

Champion Iron Limited (TSE:CIA) – Equities research analysts at Scotiabank lowered their FY2027 earnings estimates for shares of Champion Iron in a report released on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of ($0.04) for the year, down from their prior estimate of $0.10. Scotiabank currently has a “Sector Outperform” rating and a $5.50 target price on the stock. The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

Champion Iron (TSE:CIA) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$414.50 million for the quarter. Champion Iron had a net margin of 5.99% and a return on equity of 6.81%.

CIA has been the topic of a number of other research reports. BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. National Bank Financial dropped their price target on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. TD raised their price objective on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Scotia reduced their price objective on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$6.08.

Champion Iron Price Performance

Shares of TSE:CIA opened at C$3.49 on Friday. Champion Iron has a one year low of C$3.33 and a one year high of C$6.14. The company has a debt-to-equity ratio of 87.81, a current ratio of 1.56 and a quick ratio of 2.01. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 17.45, a PEG ratio of -1.35 and a beta of 0.29. The firm has a 50 day simple moving average of C$3.92 and a 200 day simple moving average of C$4.68.

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.