Champion Iron (TSE:CIA) Upgraded at Desjardins

Champion Iron (TSE:CIA) was upgraded by equities research analysts at Desjardins to a “moderate buy” rating in a note issued to investors on Thursday, Zacks.com reports.

A number of other equities analysts have also recently issued reports on CIA. Scotiabank increased their target price on Champion Iron from C$7.00 to C$7.25 and gave the stock a “sector perform” rating in a report on Monday, July 15th. TD Securities cut their target price on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Price Performance

Champion Iron stock opened at C$5.61 on Thursday. The stock has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 9.84, a PEG ratio of -1.35 and a beta of 1.39. Champion Iron has a 52-week low of C$4.74 and a 52-week high of C$7.77. The stock’s 50 day moving average price is C$5.69 and its two-hundred day moving average price is C$5.87. 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) last issued its earnings results on Tuesday, July 30th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.01). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. The firm had revenue of C$467.08 million during the quarter, compared to the consensus estimate of C$454.50 million. On average, equities analysts predict that Champion Iron will post 0.5958254 earnings per share 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.