Champion Iron (TSE:CIA) Downgraded to Hold Rating by BMO Capital Markets

BMO Capital Markets lowered shares of Champion Iron (TSE:CIA) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

Champion Iron Trading Down 2.0%

Shares of Champion Iron stock opened at C$4.00 on Monday. The firm has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 12.50, a PEG ratio of -1.35 and a beta of 0.29. Champion Iron has a fifty-two week low of C$3.43 and a fifty-two week high of C$6.14. The company has a debt-to-equity ratio of 70.43, a quick ratio of 2.01 and a current ratio of 2.60. The stock has a 50 day moving average of C$4.89 and a 200 day moving average of C$5.18.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$414.51 million during the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. As a group, research analysts predict 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.