Champion Iron (TSE:CIA) Raised to "Moderate Buy" at Desjardins

Desjardins upgraded shares of Champion Iron (TSE:CIA - Free Report) to a moderate buy rating in a research note published on Thursday morning, Zacks.com reports.

Several other research analysts have also recently issued reports on the company. Scotiabank upped 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. TD Securities decreased their target price on Champion Iron from C$8.00 to C$7.00 and set a "buy" rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$8.10.

Champion Iron Stock Up 4.5 %

Shares of TSE:CIA traded up C$0.24 on Thursday, hitting C$5.61. 297,423 shares of the company's stock were exchanged, compared to its average volume of 311,582. The firm's 50-day moving average is C$5.69 and its 200 day moving average is C$5.87. The company has a market capitalization of C$2.91 billion, a PE ratio of 9.84, a P/E/G ratio of -1.35 and a beta of 1.39. Champion Iron has a 1-year low of C$4.74 and a 1-year high of C$7.77. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42.

Champion Iron (TSE:CIA - Get Free Report) last released its quarterly earnings data 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 business had revenue of C$467.08 million for the quarter, compared to analyst estimates of C$454.50 million. Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. Sell-side analysts predict that Champion Iron will post 0.5958254 EPS for the current 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.