National Bank Financial Reiterates “C$5.75” Price Target for Champion Iron (TSE:CIA)

Champion Iron (TSE:CIA) has been assigned a C$5.75 target price by equities researchers at National Bank Financial in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 50.52% from the company’s previous close.

Separately, BMO Capital Markets cut shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$6.19.

Champion Iron Price Performance

Shares of TSE:CIA traded down C$0.14 during midday trading on Wednesday, hitting C$3.82. The stock had a trading volume of 462,208 shares, compared to its average volume of 347,511. The company’s 50-day moving average price is C$4.87 and its 200-day moving average price is C$5.17. The company has a market capitalization of C$2.14 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of -1.35 and a beta of 0.29. The company has a quick ratio of 2.01, a current ratio of 2.60 and a debt-to-equity ratio of 70.43. Champion Iron has a fifty-two week low of C$3.43 and a fifty-two week high of C$6.14.

Champion Iron (TSE:CIA) last issued its earnings results on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. The company had revenue of C$414.51 million during the quarter. Champion Iron had a net margin of 9.48% and a return on equity of 11.28%. As a group, equities research analysts predict that Champion Iron will post 0.5958254 EPS for the current fiscal year.

About Champion Iron

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.