Analysts Set Champion Iron Limited (TSE:CIA) PT at C$6.00

by · The Cerbat Gem

Shares of Champion Iron Limited (TSE:CIA – Get Free Report) have earned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$6.00.

Separately, Desjardins raised Champion Iron to a “moderate buy” rating in a research report on Wednesday, October 22nd.

Check Out Our Latest Research Report on Champion Iron

Champion Iron Stock Up 0.4%

CIA stock opened at C$5.40 on Tuesday. The stock has a market capitalization of C$2.88 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of -1.35 and a beta of 0.32. Champion Iron has a 52 week low of C$3.29 and a 52 week high of C$5.69. The company has a quick ratio of 2.01, a current ratio of 2.28 and a debt-to-equity ratio of 57.89. The firm has a 50 day moving average of C$4.92 and a 200 day moving average of C$4.35.

Champion Iron (TSE:CIA – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$492.89 million for the quarter. Champion Iron had a net margin of 8.51% and a return on equity of 9.13%. Sell-side analysts forecast that Champion Iron will post 0.5958254 earnings per share for the current year.

About Champion Iron

(Get Free Report)

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.

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