Scotiabank Lowers Champion Iron (TSE:CIA) Price Target to C$5.50

Champion Iron (TSE:CIA) had its price objective cut by stock analysts at Scotiabank from C$6.00 to C$5.50 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 33.50% from the stock’s current price.

CIA has been the subject of several other reports. BMO Capital Markets downgraded shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. National Bank Financial set a C$5.75 price target on shares of Champion Iron and gave the company an “outperform” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$6.05.

Champion Iron Stock Performance

TSE:CIA traded up C$0.09 on Monday, reaching C$4.12. 361,925 shares of the company’s stock were exchanged, compared to its average volume of 359,062. The company has a debt-to-equity ratio of 70.43, a current ratio of 2.60 and a quick ratio of 2.01. The firm has a market cap of C$2.31 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of -1.35 and a beta of 0.29. Champion Iron has a 52 week low of C$3.43 and a 52 week high of C$6.14. The stock has a fifty day simple moving average of C$4.80 and a 200-day simple moving average of C$5.15.

Champion Iron (TSE:CIA) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Champion Iron had a net margin of 9.48% and a return on equity of 11.28%. The firm had revenue of C$414.51 million for the quarter. As a group, sell-side analysts predict that Champion Iron will post 0.5958254 earnings per share 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.