Champion Iron (TSE:CIA) Upgraded by Citigroup to Strong-Buy Rating

Citigroup upgraded shares of Champion Iron (TSE:CIA - Free Report) to a strong-buy rating in a report published on Sunday,Zacks.com reports.

A number of other research analysts have also weighed in on CIA. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the stock an "outperform" rating in a research note on Thursday, January 2nd. TD Securities lowered their price target on shares of Champion Iron from C$8.00 to C$7.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, Desjardins upgraded shares of Champion Iron to a "moderate buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$7.63.

Champion Iron Stock Performance

CIA stock traded down C$0.20 during midday trading on Friday, hitting C$5.21. 198,493 shares of the stock traded hands, compared to its average volume of 374,595. Champion Iron has a 1-year low of C$4.74 and a 1-year high of C$7.58. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. The stock's fifty day simple moving average is C$5.23 and its 200-day simple moving average is C$5.49. The firm has a market cap of C$2.70 billion, a P/E ratio of 9.14, a PEG ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA - Get Free Report) last posted its 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 firm earned $0.12 EPS. On average, analysts expect that Champion Iron will post 0.5958254 earnings per share 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.