National Bank Financial Cuts Champion Iron (TSE:CIA) Price Target to C$5.50

Champion Iron (TSE:CIA) had its target price lowered by National Bank Financial from C$5.75 to C$5.50 in a report issued on Tuesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on CIA. BMO Capital Markets lowered shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank cut their price objective on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a research report on Monday, June 15th. Finally, TD lifted their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$6.08.

Champion Iron Stock Performance

TSE CIA opened at C$4.00 on Tuesday. The stock’s fifty day moving average is C$4.29 and its two-hundred day moving average is C$4.90. The firm has a market capitalization of C$2.24 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of -1.35 and a beta of 0.31. The company has a debt-to-equity ratio of 70.43, a quick ratio of 2.01 and a current ratio of 2.60. Champion Iron has a fifty-two week low of C$3.69 and a fifty-two week high of C$6.14.

Champion Iron (TSE:CIA) last issued its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 11.36% and a net margin of 9.55%.The company had revenue of C$414.50 million during the quarter. On average, research analysts anticipate that Champion Iron will post 0.5958254 earnings per share 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.