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

Shares of Champion Iron Limited (TSE:CIA) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$6.13.

Several brokerages have recently issued reports on CIA. Raymond James Financial raised their target price on shares of Champion Iron from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. Desjardins increased their price objective on shares of Champion Iron from C$6.00 to C$7.00 and gave the company a “buy” rating in a report on Monday, January 5th. Finally, B. Riley raised shares of Champion Iron to a “strong-buy” rating in a research note on Friday, January 30th.

Champion Iron Stock Down 1.4%

TSE CIA opened at C$5.44 on Wednesday. The stock has a market capitalization of C$2.90 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of -1.35 and a beta of 0.63. Champion Iron has a 52 week low of C$3.29 and a 52 week high of C$6.14. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The stock has a fifty day moving average of C$5.65 and a 200-day moving average of C$4.80.

Champion Iron (TSE:CIA) last posted its quarterly earnings results on Thursday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$492.89 million for the quarter. Champion Iron had a return on equity of 9.13% and a net margin of 8.51%. On average, equities research analysts forecast 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.