Champion Iron (TSE:CIA) Given New C$7.00 Price Target at TD Securities

Champion Iron (TSE:CIA) had its target price cut by TD Securities from C$8.00 to C$7.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on CIA. Scotiabank upped their target price on shares of Champion Iron from C$7.00 to C$7.25 and gave the stock a “sector perform” rating in a report on Monday, July 15th. Desjardins set a C$8.25 target price on shares of Champion Iron and gave the stock a “buy” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$8.10.

Champion Iron Stock Performance

Shares of CIA stock traded up C$0.24 during mid-day trading on Friday, reaching C$5.61. 297,423 shares of the company’s stock traded hands, compared to its average volume of 311,582. Champion Iron has a 12 month low of C$4.74 and a 12 month high of C$7.77. The firm has a 50 day moving average price of C$5.69 and a two-hundred day moving average price of C$5.87. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The firm has a market capitalization of C$2.91 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.01). The business had revenue of C$467.08 million for the quarter, compared to the consensus estimate of C$454.50 million. Champion Iron had a net margin of 17.64% and a return on equity of 22.52%. On average, research analysts forecast that Champion Iron will post 0.5958254 EPS for the current year.

About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.