Champion Iron Limited (TSE:CIA) Receives Average Rating of “Buy” from Analysts

Shares of Champion Iron Limited (TSE:CIA) have been assigned an average rating of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$6.13.

Several equities analysts have weighed in on CIA shares. B. Riley Financial upgraded Champion Iron to a “strong-buy” rating in a report on Friday, January 30th. Raymond James Financial upped their price objective on Champion Iron from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Finally, Desjardins raised their target price 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.

Champion Iron Stock Up 2.2%

Shares of CIA stock opened at C$5.04 on Thursday. The stock has a market cap of C$2.69 billion, a P/E ratio of 14.82, a PEG ratio of -1.35 and a beta of 0.50. Champion Iron has a 52 week low of C$3.29 and a 52 week high of C$6.14. The company has a quick ratio of 2.01, a current ratio of 2.56 and a debt-to-equity ratio of 67.59. The company’s fifty day simple moving average is C$5.22 and its two-hundred day simple moving average is C$5.03.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, January 29th. The company reported C$0.12 earnings per share for the quarter. Champion Iron had a return on equity of 12.64% and a net margin of 10.38%.The firm had revenue of C$472.31 million during the quarter. Analysts predict that Champion Iron will post 0.5958254 EPS for the current fiscal 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.