Champion Iron Stock Gets Higher EPS Estimate from Scotiabank

Champion Iron Limited (TSE:CIA) – Stock analysts at Scotiabank boosted their FY2027 earnings per share estimates for shares of Champion Iron in a report issued on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of ($0.48) per share for the year, up from their previous estimate of ($0.62). Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.

Several other equities research analysts also recently weighed in on the company. National Bank Financial decreased their price objective on Champion Iron from C$4.00 to C$3.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Scotia lowered their target price on shares of Champion Iron from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a research report on Friday, October 30th. Royal Bank Of Canada cut their target price on shares of Champion Iron from C$8.00 to C$4.00 and set an “outperform” rating on the stock in a report on Tuesday. Canaccord Genuity Group reduced their price target on shares of Champion Iron from C$5.50 to C$3.75 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, TD reduced their price target on shares of Champion Iron from C$4.00 to C$3.50 and set a “buy” rating for the company in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$4.41.

Champion Iron Trading Up 6.3%

TSE:CIA opened at C$2.04 on Friday. The company has a market capitalization of C$1.14 billion, a PE ratio of 204.00, a P/E/G ratio of -1.35 and a beta of 0.77. Champion Iron has a 52-week low of C$1.74 and a 52-week high of C$6.14. The stock’s 50 day moving average price is C$2.82 and its 200 day moving average price is C$4.13. The company has a quick ratio of 2.01, a current ratio of 1.60 and a debt-to-equity ratio of 92.23.

Champion Iron Company Profile

Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.