Champion Iron (TSE:CIA) Given New C$6.50 Price Target at Scotiabank

Champion Iron (TSE:CIA) had its price target lowered by Scotiabank from C$7.00 to C$6.50 in a research report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on CIA. B. Riley increased their target price on shares of Champion Iron from C$8.00 to C$10.00 and gave the company a buy rating in a research report on Friday, January 12th. Raymond James dropped their target price on shares of Champion Iron from C$8.50 to C$8.00 in a research report on Monday, April 1st.

Champion Iron Trading Up 4.2 %

Shares of TSE:CIA opened at C$6.22 on Wednesday. Champion Iron has a 52 week low of C$4.57 and a 52 week high of C$7.77. The company’s 50 day moving average is C$6.47 and its two-hundred day moving average is C$6.66. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 44.59. The company has a market cap of C$3.22 billion, a PE ratio of 10.91, a P/E/G ratio of -1.35 and a beta of 1.23.

Champion Iron (TSE:CIA) last posted its earnings results on Wednesday, January 31st. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.05. The firm had revenue of C$506.89 million for the quarter, compared to the consensus estimate of C$468.60 million. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. Equities analysts predict that Champion Iron will post 0.9822581 earnings per share for the current fiscal 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.