Champion Iron Limited (TSE:CIA – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$6.51 and traded as low as C$5.86. Champion Iron shares last traded at C$5.93, with a volume of 231,527 shares traded.
Wall Street Analyst Weigh In
CIA has been the topic of a number of research analyst reports. B. Riley increased their price target on Champion Iron from C$8.00 to C$10.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Raymond James reduced their price objective on Champion Iron from C$8.50 to C$8.00 in a report on Monday, April 1st. Finally, Scotiabank downgraded Champion Iron from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$7.00 to C$7.50 in a report on Monday, January 15th.
Get Our Latest Analysis on CIA
Champion Iron Stock Performance
Champion Iron (TSE:CIA – Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The company reported C$0.24 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.05. The company had revenue of C$506.89 million for the quarter, compared to the consensus estimate of C$468.60 million. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. Analysts predict that Champion Iron Limited will post 0.9822581 EPS for the current year.
About Champion Iron
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; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.
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