Brokerages Set Champion Iron Limited (TSE:CIA) Target Price at C$6.05

Champion Iron Limited (TSE:CIA) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$6.05.

A number of analysts have weighed in on the company. Scotiabank reduced their target price 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 price target on shares of Champion Iron and gave the stock an “outperform” rating in a report on Wednesday, June 10th.

Champion Iron Stock Performance

TSE CIA remained flat at C$3.91 during trading on Friday. 218,900 shares of the company’s stock traded hands, compared to its average volume of 371,000. Champion Iron has a twelve month low of C$3.69 and a twelve month high of C$6.14. The firm’s 50 day moving average price is C$4.35 and its 200 day moving average price is C$4.95. The stock has a market cap of C$2.19 billion, a PE ratio of 12.22, 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 current ratio of 2.60 and a quick ratio of 2.01.

Champion Iron (TSE:CIA) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%.The firm had revenue of C$414.50 million for the quarter. On average, sell-side analysts predict that Champion Iron will post 0.5958254 EPS 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.