Champion Iron Limited (TSE:CIA) Receives Consensus Recommendation of “Buy” from Brokerages

Champion Iron Limited (TSE:CIA) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$6.05.

A number of research firms have recently issued reports on CIA. National Bank Financial set a C$5.75 price target on shares of Champion Iron and gave the company an “outperform” rating in a report on Wednesday, June 10th. BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Scotiabank lowered their price objective on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research report on Monday, June 15th.

Champion Iron Trading Down 0.5%

TSE CIA traded down C$0.02 on Friday, hitting C$4.04. 191,559 shares of the company were exchanged, compared to its average volume of 366,180. The company has a debt-to-equity ratio of 70.43, a current ratio of 2.60 and a quick ratio of 2.01. Champion Iron has a twelve month low of C$3.69 and a twelve month high of C$6.14. The firm has a market capitalization of C$2.26 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. The company’s 50 day moving average price is C$4.45 and its 200-day moving average price is C$5.00.

Champion Iron (TSE:CIA) last announced its earnings results on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$414.50 million during the quarter. Champion Iron had a net margin of 9.48% and a return on equity of 11.28%. Analysts predict that Champion Iron 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.