Raymond James Financial Increases Champion Iron (TSE:CIA) Price Target to C$7.00

Champion Iron (TSE:CIA) had its target price boosted by research analysts at Raymond James Financial from C$6.50 to C$7.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 24.78% from the stock’s previous close.

Separately, Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$5.83.

Champion Iron Price Performance

Champion Iron stock opened at C$5.61 on Tuesday. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$5.69. The company has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 25.50, a PEG ratio of -1.35 and a beta of 0.32. The stock’s 50 day moving average is C$5.01 and its 200-day moving average is C$4.39. 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 issued 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%. Equities research analysts expect that Champion Iron will post 0.5958254 EPS for the current year.

Champion Iron Company Profile

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.