Raymond James Financial Boosts Champion Iron (TSE:CIA) Price Target to C$7.00

Champion Iron (TSE:CIA) had its target price lifted by investment analysts at Raymond James Financial from C$6.50 to C$7.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 26.35% from the company’s previous close.

Separately, Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$5.83.

Champion Iron Trading Down 0.5%

Shares of CIA traded down C$0.03 during midday trading on Tuesday, hitting C$5.54. 74,601 shares of the stock were exchanged, compared to its average volume of 416,320. Champion Iron has a 52-week low of C$3.29 and a 52-week high of C$5.69. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. The stock has a fifty day simple moving average of C$4.97 and a 200 day simple moving average of C$4.38. The firm has a market cap of C$2.95 billion, a P/E ratio of 25.18, a P/E/G ratio of -1.35 and a beta of 0.32.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 9.13% and a net margin of 8.51%.The firm had revenue of C$492.89 million for the quarter. On average, research analysts anticipate that Champion Iron will post 0.5958254 EPS for the current fiscal 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.