Champion Iron (TSE:CIA) PT Set at C$8.75 by Raymond James

Raymond James set a C$8.75 target price on Champion Iron (TSE:CIAGet Rating) in a research report report published on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Champion Iron’s Q4 2022 earnings at $0.21 EPS, FY2022 earnings at $1.01 EPS, Q1 2023 earnings at $0.23 EPS, Q2 2023 earnings at $0.25 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.27 EPS and FY2023 earnings at $1.02 EPS.

Several other research firms have also recently issued reports on CIA. Scotiabank raised their target price on shares of Champion Iron from C$7.50 to C$8.50 in a research report on Wednesday, April 13th. TD Securities boosted their price objective on shares of Champion Iron from C$7.00 to C$8.50 and gave the company a buy rating in a research note on Friday, March 25th.

CIA stock opened at C$6.64 on Thursday. The stock has a market capitalization of C$3.36 billion and a price-to-earnings ratio of 6.24. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 30.82. Champion Iron has a 52-week low of C$3.71 and a 52-week high of C$7.59. The stock’s fifty day simple moving average is C$6.57 and its 200-day simple moving average is C$5.45.

Champion Iron (TSE:CIAGet Rating) last issued its quarterly earnings results on Wednesday, January 26th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The business had revenue of C$253.02 million during the quarter, compared to analyst estimates of C$230.50 million. As a group, analysts anticipate that Champion Iron will post 0.88 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which was paid on Tuesday, March 1st. Investors of record on Tuesday, March 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 7th. This represents a yield of 1.73%. Champion Iron’s payout ratio is 18.80%.

About Champion Iron (Get Rating)

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; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.

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