Champion Iron (TSE:CIA) Upgraded by Desjardins to “Moderate Buy” Rating

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

A number of other equities research analysts have also commented on CIA. Scotiabank raised 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 price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.10.

Champion Iron Stock Up 4.5 %

Shares of CIA traded up C$0.24 during 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 company has a fifty day moving average of C$5.69 and a two-hundred day moving average of C$5.87. Champion Iron has a twelve month low of C$4.74 and a twelve month high of C$7.77. The company has a market cap of C$2.91 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of -1.35 and a beta of 1.39. 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 (TSE:CIA) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of C$454.50 million. Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. On average, sell-side analysts predict that Champion Iron will post 0.5958254 EPS 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.