Champion Iron (TSE:CIA) Lifted to Moderate Buy at Desjardins

Champion Iron (TSE:CIA) 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.

Champion Iron Stock Performance

Shares of TSE CIA opened at C$5.86 on Tuesday. The business’s 50-day simple moving average is C$6.18 and its 200-day simple moving average is C$6.53. Champion Iron has a 52 week low of C$4.57 and a 52 week high of C$7.77. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of -1.35 and a beta of 1.23. The company has a debt-to-equity ratio of 44.59, a quick ratio of 2.01 and a current ratio of 2.85.

Champion Iron (TSE:CIA) 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.