Champion Iron (TSE:CIA) Stock Rating Upgraded by Desjardins

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

Other equities research analysts have also issued research reports about the company. Scotiabank boosted 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 reduced their price objective on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$8.10.

Champion Iron Stock Performance

Shares of CIA traded up C$0.24 during mid-day trading on Thursday, reaching C$5.61. The company’s stock had a trading volume of 297,423 shares, compared to its average volume of 311,582. The stock has a market cap of C$2.91 billion, a P/E ratio of 9.84, a PEG ratio of -1.35 and a beta of 1.39. The business has a 50-day simple moving average of C$5.69 and a two-hundred day simple moving average of C$5.87. The company has a current ratio of 2.42, a quick ratio of 2.01 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.

Champion Iron (TSE:CIA) last announced its quarterly earnings data 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 company had revenue of C$467.08 million during the quarter, compared to analyst estimates of C$454.50 million. As a group, equities research analysts anticipate that Champion Iron will post 0.5958254 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.