Champion Iron (TSE:CIA) Price Target Lowered to C$7.00 at TD Securities

Champion Iron (TSE:CIA - Get Free Report) had its target price reduced by investment analysts at TD Securities from C$8.00 to C$7.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target would indicate a potential upside of 24.78% from the stock's previous close.

Several other equities analysts have also commented on CIA. Desjardins set a C$8.25 price target on shares of Champion Iron and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Scotiabank increased their price objective on shares of Champion Iron from C$7.00 to C$7.25 and gave the company a "sector perform" rating in a report on Monday, July 15th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Champion Iron has an average rating of "Moderate Buy" and a consensus price target of C$8.10.

Champion Iron Trading Up 4.5 %

Shares of CIA stock traded up C$0.24 on Friday, reaching C$5.61. 297,423 shares of the stock were exchanged, compared to its average volume of 311,582. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. Champion Iron has a 1-year low of C$4.74 and a 1-year high of C$7.77. The stock has a market cap of C$2.91 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The firm has a 50 day moving average of C$5.68 and a two-hundred day moving average of C$5.88.

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