Champion Iron Limited (TSE:CIA) Given Average Rating of “Buy” by Brokerages

Shares of Champion Iron Limited (TSE:CIA) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$6.00.

Separately, Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Wednesday, October 22nd.

Champion Iron Trading Down 1.4%

Shares of CIA opened at C$5.51 on Tuesday. Champion Iron has a twelve month low of C$3.29 and a twelve month high of C$5.69. The company’s fifty day simple moving average is C$4.86 and its 200-day simple moving average is C$4.32. The company has a market cap of C$2.94 billion, a P/E ratio of 25.05, a P/E/G ratio of -1.35 and a beta of 0.32. The company has a current ratio of 2.28, a quick ratio of 2.01 and a debt-to-equity ratio of 57.89.

Champion Iron (TSE:CIA) last posted its quarterly earnings results on Thursday, October 30th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$492.89 million for the quarter. Champion Iron had a net margin of 8.51% and a return on equity of 9.13%. As a group, analysts expect that Champion Iron will post 0.5958254 EPS for the current year.

About Champion Iron

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.