Champion Iron (CIA) Set to Announce Quarterly Earnings on Thursday

Champion Iron (TSE:CIA - Get Free Report) will be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Champion Iron to post earnings of C$0.11 per share for the quarter.

Champion Iron (TSE:CIA - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.01). The company had revenue of C$467.08 million for the quarter, compared to analysts' expectations of C$454.50 million. Champion Iron had a return on equity of 22.52% and a net margin of 17.64%.

Champion Iron Stock Performance

Shares of TSE:CIA traded down C$0.16 during trading on Thursday, hitting C$5.42. 491,377 shares of the company were exchanged, compared to its average volume of 313,062. The company has a market cap of C$2.81 billion, a PE ratio of 9.51, a P/E/G ratio of -1.35 and a beta of 1.39. The stock has a 50 day moving average of C$5.67 and a 200 day moving average of C$5.90. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.77. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CIA. Desjardins set a C$8.25 price objective on Champion Iron and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Scotiabank increased their price objective on Champion Iron from C$7.00 to C$7.25 and gave the stock a "sector perform" rating in a research report on Monday, July 15th.

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.