Champion Iron (TSE:CIA) Sets New 1-Year High – Still a Buy?

Shares of Champion Iron Limited (TSE:CIA) reached a new 52-week high on Friday . The company traded as high as C$5.69 and last traded at C$5.64, with a volume of 42117 shares trading hands. The stock had previously closed at C$5.49.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CIA. Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Wednesday, October 22nd. Raymond James Financial increased their price target on shares of Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Champion Iron presently has a consensus rating of “Buy” and a consensus price target of C$5.83.

Champion Iron Trading Up 1.8%

The company has a debt-to-equity ratio of 57.89, a current ratio of 2.28 and a quick ratio of 2.01. The stock’s 50-day moving average is C$5.15 and its two-hundred day moving average is C$4.46. The company has a market cap of C$2.98 billion, a P/E ratio of 25.41, a P/E/G ratio of -1.35 and a beta of 0.32.

Champion Iron (TSE:CIA) last released its quarterly earnings results on Thursday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 9.13% and a net margin of 8.51%.The firm had revenue of C$492.89 million for the quarter. As a group, equities research analysts predict that Champion Iron Limited will post 0.5958254 earnings per share for the current fiscal 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.