Champion Iron Limited (TSE:CIA – Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.62 and traded as low as C$3.72. Champion Iron shares last traded at C$3.76, with a volume of 645,991 shares changing hands.
Analyst Ratings Changes
Several brokerages have recently commented on CIA. Scotiabank cut their price target on Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating on the stock in a research note on Monday, June 15th. BMO Capital Markets lowered shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, National Bank Financial set a C$5.75 target price on shares of Champion Iron and gave the stock an “outperform” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$6.05.
Check Out Our Latest Analysis on Champion Iron
Champion Iron Stock Down 4.1%
Champion Iron (TSE:CIA – Get Free Report) last announced 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 11.28% and a net margin of 9.48%.The business had revenue of C$414.50 million for the quarter. As a group, equities analysts anticipate that Champion Iron Limited will post 0.5958254 earnings per share for the current fiscal 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.
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