FY2024 EPS Estimates for Champion Iron Limited (TSE:CIA) Reduced by Cormark

Champion Iron Limited (TSE:CIA) – Stock analysts at Cormark lowered their FY2024 earnings per share estimates for shares of Champion Iron in a research note issued to investors on Thursday, April 25th. Cormark analyst S. Ioannou now forecasts that the company will post earnings per share of $0.41 for the year, down from their prior forecast of $0.60. The consensus estimate for Champion Iron’s current full-year earnings is $0.98 per share. Cormark also issued estimates for Champion Iron’s Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.18 EPS and FY2025 earnings at $0.64 EPS.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Wednesday, January 31st. The company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.05. The business had revenue of C$506.89 million for the quarter, compared to analyst estimates of C$468.60 million. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%.

CIA has been the subject of several other reports. Raymond James reduced their target price on Champion Iron from C$8.50 to C$8.00 in a report on Monday, April 1st. B. Riley upped their price objective on Champion Iron from C$8.00 to C$10.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, Scotiabank dropped their price objective on Champion Iron from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 24th.

Champion Iron Stock Performance

Shares of Champion Iron stock opened at C$6.35 on Monday. Champion Iron has a one year low of C$4.57 and a one year high of C$7.77. The firm has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 11.14, a PEG ratio of -1.35 and a beta of 1.23. The business has a 50-day simple moving average of C$6.43 and a 200 day simple moving average of C$6.69. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01.

Champion Iron Company Profile

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.