Champion Iron (TSE:CIA – Get Free Report) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.
CIA has been the subject of a number of other research reports. 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. Raymond James cut their target price on Champion Iron from C$8.50 to C$8.00 in a research report on Monday, April 1st.
View Our Latest Research Report on CIA
Champion Iron Stock Performance
Champion Iron (TSE:CIA – Get Free Report) last announced its earnings results on Friday, May 31st. The company reported C$0.05 earnings per share for the quarter, beating the consensus estimate of C$0.01 by C$0.04. Champion Iron had a return on equity of 23.32% and a net margin of 17.92%. The firm had revenue of C$332.67 million during the quarter, compared to the consensus estimate of C$340.30 million. As a group, equities research analysts expect that Champion Iron will post 0.6653386 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.
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