Scotiabank Issues Pessimistic Forecast for Champion Iron (TSE:CIA) Stock Price

Champion Iron (TSE:CIA) had its target price decreased by equities research analysts at Scotiabank from C$6.75 to C$6.50 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 33.74% from the company’s previous close.

CIA has been the topic of several other reports. Desjardins raised Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. Citigroup raised Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. TD Securities cut their target price on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. B. Riley raised Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Raymond James set a C$8.00 target price on Champion Iron and gave the stock an “outperform” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$7.44.

Champion Iron Trading Down 2.6 %

Shares of Champion Iron stock traded down C$0.13 during trading hours on Thursday, reaching C$4.86. 404,074 shares of the company’s stock were exchanged, compared to its average volume of 379,807. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.58. The firm has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a fifty day moving average of C$5.24 and a 200-day moving average of C$5.46. The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65.

Champion Iron (TSE:CIA) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same period in the previous year, the business posted $0.12 EPS. Sell-side analysts forecast that Champion Iron will post 0.5958254 EPS for the current fiscal year.

Champion Iron Company Profile

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.