Champion Iron (TSE:CIA) Price Target Cut to C$5.00 by Analysts at Scotia

Champion Iron (TSE:CIA) had its target price reduced by research analysts at Scotia from C$5.50 to C$5.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotia’s target price points to a potential upside of 43.27% from the stock’s current price.

A number of other brokerages also recently commented on CIA. TD increased their price objective on Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Scotiabank decreased their target price on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a report on Monday, June 15th. National Bank Financial cut their price target on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. Finally, BMO Capital Markets downgraded shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$6.08.

Champion Iron Price Performance

Shares of TSE CIA traded down C$0.08 during midday trading on Friday, reaching C$3.49. The company’s stock had a trading volume of 599,398 shares, compared to its average volume of 425,660. The company has a current ratio of 2.60, a quick ratio of 2.01 and a debt-to-equity ratio of 70.43. The company has a 50 day moving average price of C$4.07 and a 200 day moving average price of C$4.77. Champion Iron has a one year low of C$3.33 and a one year high of C$6.14. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of -1.35 and a beta of 0.31.

Champion Iron (TSE:CIA) last issued its earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$414.50 million during the quarter. Champion Iron had a net margin of 9.55% and a return on equity of 11.36%. On average, equities research analysts expect that Champion Iron will post 0.5958254 EPS 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.