Champion Iron Stock Earnings Estimates Boosted by Scotiabank

Champion Iron Limited (TSE:CIA) – Analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for Champion Iron in a research note issued on Thursday, October 22nd. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn ($0.62) per share for the year, up from their prior estimate of ($0.66). The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

Several other brokerages have also issued reports on CIA. TD upped their target price on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Scotia decreased their price target on Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial lowered their price target on Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Finally, Raymond James Financial lowered their price target on Champion Iron from C$6.25 to C$5.75 and set an “outperform” rating for the company in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$5.88.

Champion Iron Stock Up 1.4%

Champion Iron stock opened at C$2.17 on Monday. 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 stock has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 10.85, a PEG ratio of -1.35 and a beta of 0.53. Champion Iron has a 1-year low of C$2.12 and a 1-year high of C$6.14. The business has a fifty day moving average price of C$3.09 and a 200-day moving average price of C$4.30.

Champion Iron Company Profile

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.