Scotiabank Cuts Champion Iron (TSE:CIA) Price Target to C$6.50

Champion Iron (TSE:CIA) had its target price decreased by Scotiabank from C$6.75 to C$6.50 in a report issued on Thursday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other equities research analysts also recently commented on CIA. Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. TD Securities reduced their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Friday, November 1st. B. Riley upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Tuesday, January 21st. Citigroup upgraded shares of Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. Finally, Raymond James set a C$8.00 price objective on shares of Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$7.44.

Champion Iron Stock Performance

TSE CIA opened at C$5.03 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.58. The business’s 50-day moving average price is C$5.24 and its 200 day moving average price is C$5.45. The firm has a market cap of C$2.61 billion, a P/E ratio of 8.82, a P/E/G ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same period in the previous year, the business posted $0.12 EPS. On average, equities research analysts expect that Champion Iron will post 0.5958254 earnings per share 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.