Champion Iron Limited (TSE:CIA) Given Average Rating of “Buy” by Brokerages

Shares of Champion Iron Limited (TSE:CIA) have been given an average recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$6.19.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets downgraded Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday. National Bank Financial set a C$5.75 price target on Champion Iron and gave the company an “outperform” rating in a report on Wednesday.

Champion Iron Trading Down 4.3%

TSE:CIA traded down C$0.17 during mid-day trading on Wednesday, reaching C$3.79. The company’s stock had a trading volume of 714,782 shares, compared to its average volume of 348,899. The company’s fifty day simple moving average is C$4.87 and its two-hundred day simple moving average is C$5.17. 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 has a twelve month low of C$3.43 and a twelve month high of C$6.14. The stock has a market cap of C$2.12 billion, a P/E ratio of 11.84, a P/E/G ratio of -1.35 and a beta of 0.29.

Champion Iron (TSE:CIA) last released its quarterly earnings data on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$414.51 million for the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%. On average, equities analysts predict that Champion Iron will post 0.5958254 EPS for the current 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.