Champion Iron Limited (TSE:CIA) Receives Consensus Rating of “Buy” from Brokerages

Champion Iron Limited (TSE:CIA) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$6.13.

Several research firms have recently issued reports on CIA. Raymond James Financial boosted their price objective on shares of Champion Iron from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Desjardins lifted their target price on Champion Iron from C$6.00 to C$7.00 and gave the stock a “buy” rating in a research report on Monday, January 5th.

Champion Iron Stock Down 1.3%

CIA opened at C$5.94 on Friday. The business has a 50 day moving average of C$5.31 and a 200-day moving average of C$4.55. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of -1.35 and a beta of 0.61. 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 has a 1-year low of C$3.29 and a 1-year high of C$6.14.

Champion Iron (TSE:CIA) last released its earnings results on Thursday, October 30th. The company reported C$0.11 EPS for the quarter. Champion Iron had a net margin of 8.51% and a return on equity of 9.13%. The firm had revenue of C$492.89 million during the quarter. As a group, sell-side 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.