Champion Iron Limited (TSE:CIA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Champion Iron Limited (TSE:CIA) have received a consensus rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$7.63.

Several equities analysts recently weighed in on the company. Citigroup upgraded Champion Iron to a “strong-buy” rating in a research report on Sunday, January 19th. TD Securities decreased their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Raymond James set a C$8.00 price target on Champion Iron and gave the company an “outperform” rating in a report on Thursday, January 2nd. Desjardins raised Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. Finally, B. Riley raised Champion Iron to a “strong-buy” rating in a report on Tuesday, January 21st.

Champion Iron Price Performance

Champion Iron stock opened at C$4.99 on Friday. The firm has a market cap of C$2.59 billion, a price-to-earnings ratio of 8.75, a PEG ratio of -1.35 and a beta of 1.39. The stock has a fifty day simple moving average of C$5.24 and a two-hundred day simple moving average of C$5.46. Champion Iron has a 12 month low of C$4.74 and a 12 month high of C$7.58. The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65.

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 company earned $0.12 earnings per share. Equities analysts predict that Champion Iron will post 0.5958254 EPS for the current fiscal 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.