Brokers Offer Predictions for Champion Iron Limited’s FY2024 Earnings (TSE:CIA)

Champion Iron Limited (TSE:CIA) – Cormark reduced their FY2024 earnings per share estimates for Champion Iron in a research note issued on Thursday, April 25th. Cormark analyst S. Ioannou now expects that the company will post earnings per share of $0.41 for the year, down from their prior forecast of $0.60. The consensus estimate for Champion Iron’s current full-year earnings is $0.64 per share. Cormark also issued estimates for Champion Iron’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Champion Iron (TSE:CIA) last posted its earnings results on Wednesday, January 31st. The company reported C$0.24 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.05. The firm had revenue of C$506.89 million during the quarter, compared to analysts’ expectations of C$468.60 million. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%.

CIA has been the topic of several other reports. B. Riley lifted their price objective on Champion Iron from C$8.00 to C$10.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Scotiabank dropped their price target on Champion Iron from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Finally, Raymond James decreased their price objective on Champion Iron from C$8.50 to C$8.00 in a report on Monday, April 1st.

Champion Iron Price Performance

Shares of TSE CIA opened at C$6.24 on Monday. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01. Champion Iron has a 1 year low of C$4.57 and a 1 year high of C$7.76. The company’s 50-day moving average is C$6.40 and its 200 day moving average is C$6.70. The stock has a market capitalization of C$3.23 billion, a P/E ratio of 10.95, a P/E/G ratio of -1.35 and a beta of 1.23.

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.