FY2022 Earnings Forecast for Champion Iron Limited Issued By Raymond James (TSE:CIA)

Champion Iron Limited (TSE:CIAGet Rating) – Equities research analysts at Raymond James lifted their FY2022 earnings per share estimates for shares of Champion Iron in a report issued on Thursday, April 28th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.01 per share for the year, up from their previous estimate of $0.97. Raymond James currently has a “Outperform” rating and a $8.75 price target on the stock. Raymond James also issued estimates for Champion Iron’s Q4 2022 earnings at $0.21 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.

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 for the quarter, compared to analyst estimates of C$230.50 million.

A number of other brokerages have also weighed in on CIA. 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 report on Friday, March 25th. Scotiabank boosted their price objective on shares of Champion Iron from C$7.50 to C$8.50 in a report on Wednesday, April 13th.

Shares of CIA opened at C$6.64 on Friday. The firm has a market capitalization of C$3.36 billion and a PE ratio of 6.24. The company has a debt-to-equity ratio of 30.82, a current ratio of 2.00 and a quick ratio of 1.70. Champion Iron has a 1-year low of C$3.71 and a 1-year high of C$7.59. The company’s fifty day moving average price is C$6.57 and its 200-day moving average price is C$5.45.

The firm also recently declared a dividend, which was paid on Tuesday, March 1st. Shareholders of record on Tuesday, March 1st were issued a $0.10 dividend. This represents a yield of 1.73%. The ex-dividend date of this dividend was Monday, February 7th. 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.

See Also

Earnings History and Estimates for Champion Iron (TSE:CIA)

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