Scotiabank Lowers Champion Iron (TSE:CIA) Price Target to C$6.50

Champion Iron (TSE:CIA) had its target price trimmed by Scotiabank from C$7.00 to C$6.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities research analysts also recently issued reports on CIA. Raymond James decreased their price objective on shares of Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st. B. Riley boosted their price objective on shares of Champion Iron from C$8.00 to C$10.00 and gave the stock a buy rating in a research note on Friday, January 12th.

Champion Iron Stock Performance

Shares of CIA stock opened at C$6.22 on Wednesday. Champion Iron has a one year low of C$4.57 and a one year high of C$7.77. The company has a debt-to-equity ratio of 44.59, a quick ratio of 2.01 and a current ratio of 2.85. The company has a 50 day moving average price of C$6.47 and a 200 day moving average price of C$6.66. The firm has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of -1.35 and a beta of 1.23.

Champion Iron (TSE:CIA) last released its quarterly earnings data on Wednesday, January 31st. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.05. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. The company had revenue of C$506.89 million during the quarter, compared to the consensus estimate of C$468.60 million. Sell-side analysts anticipate that Champion Iron will post 0.9822581 EPS for the current year.

Champion Iron Company Profile

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.