Scotiabank Has Lowered Expectations for Champion Iron (TSE:CIA) Stock Price

Champion Iron (TSE:CIA - Free Report) had its price target lowered by Scotiabank from C$6.75 to C$6.50 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

CIA has been the subject of several other reports. Desjardins upgraded Champion Iron to a "moderate buy" rating in a research note on Thursday, October 31st. Citigroup upgraded shares of Champion Iron to a "strong-buy" rating in a research report on Sunday, January 19th. B. Riley upgraded shares of Champion Iron to a "strong-buy" rating in a research report on Tuesday, January 21st. TD Securities dropped their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Raymond James set a C$8.00 target price on Champion Iron and gave the stock an "outperform" rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$7.44.

Champion Iron Price Performance

TSE CIA traded down C$0.05 on Thursday, reaching C$4.98. The company's stock had a trading volume of 331,725 shares, compared to its average volume of 414,645. Champion Iron has a 52 week low of C$4.74 and a 52 week 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. The firm has a market cap of C$2.58 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The business has a 50-day moving average price of C$5.23 and a 200 day moving average price of C$5.45.

Champion Iron (TSE:CIA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the business earned $0.12 earnings per share. Sell-side analysts expect that Champion Iron will post 0.5958254 EPS 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.