Champion Iron (TSE:CIA) Raised to Strong-Buy at Citigroup

Citigroup upgraded shares of Champion Iron (TSE:CIA) to a strong-buy rating in a report released on Sunday,Zacks.com reports.

CIA has been the topic of several other research reports. TD Securities dropped their target price on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the stock an “outperform” rating in a research report on Thursday, January 2nd. Finally, Desjardins raised shares of Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$7.63.

Champion Iron Stock Down 2.0 %

TSE CIA traded down C$0.11 during trading on Friday, reaching C$5.30. 46,513 shares of the company’s stock traded hands, compared to its average volume of 364,136. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. The firm has a market cap of C$2.75 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company’s 50 day simple moving average is C$5.22 and its two-hundred day simple moving average is C$5.49. Champion Iron has a 12-month low of C$4.74 and a 12-month high of C$7.58.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, October 31st. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a net margin of 17.64% and a return on equity of 22.52%. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, sell-side analysts forecast that Champion Iron will post 0.5958254 EPS for the current fiscal year.

Champion Iron Company Profile

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.