FY2024 EPS Estimates for Champion Iron Limited Decreased by Cormark (TSE:CIA)

Champion Iron Limited (TSE:CIA) – Analysts at Cormark dropped their FY2024 earnings per share estimates for shares of Champion Iron in a research note issued to investors on Thursday, April 25th. Cormark analyst S. Ioannou now anticipates that the company will earn $0.41 per share for the year, down from their prior estimate of $0.60. The consensus estimate for Champion Iron’s current full-year earnings is $0.98 per share. Cormark also issued estimates for Champion Iron’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Champion Iron (TSE:CIA) last released its 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. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. The company had revenue of C$506.89 million during the quarter, compared to analyst estimates of C$468.60 million.

CIA has been the topic of a number of other research reports. Scotiabank reduced their target price on Champion Iron from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th. Raymond James reduced their target price on Champion Iron from C$8.50 to C$8.00 in a report on Monday, April 1st. Finally, B. Riley upped their target price on Champion Iron from C$8.00 to C$10.00 and gave the stock a “buy” rating in a report on Friday, January 12th.

Champion Iron Trading Up 2.9 %

CIA opened at C$6.35 on Monday. The business has a 50 day simple moving average of C$6.43 and a two-hundred day simple moving average of C$6.69. The firm has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -1.35 and a beta of 1.23. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01. Champion Iron has a one year low of C$4.57 and a one year high of C$7.77.

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.