Champion Iron (TSE:CIA) Stock Rating Upgraded by Citigroup

Champion Iron (TSE:CIA) was upgraded by equities researchers at Citigroup to a “strong-buy” rating in a note issued to investors on Sunday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Raymond James set a C$8.00 price target on Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. TD Securities reduced their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Desjardins raised Champion Iron to a “moderate buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$7.63.

Champion Iron Stock Performance

CIA stock traded down C$0.11 during mid-day trading on Friday, reaching C$5.30. The company had a trading volume of 46,513 shares, compared to its average volume of 364,136. The stock has a market capitalization of C$2.75 billion, a P/E ratio of 9.30, a P/E/G ratio of -1.35 and a beta of 1.39. 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 one year low of C$4.74 and a one year high of C$7.58. The stock’s 50-day simple moving average is C$5.22 and its two-hundred day simple moving average is C$5.49.

Champion Iron (TSE:CIA) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a net margin of 17.64% and a return on equity of 22.52%. During the same period last year, the business earned $0.12 EPS. Research analysts anticipate that Champion Iron will post 0.5958254 EPS for the current year.

Champion Iron Company Profile

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.