Laurentian set a C$4.30 target price on Champion Iron (TSE:CIA) in a research report released on Wednesday morning, BayStreet.CA reports.
Other equities analysts have also issued research reports about the stock. TD Securities upped their target price on shares of Champion Iron from C$3.50 to C$3.75 and gave the stock a buy rating in a research report on Thursday, July 30th. Royal Bank of Canada upped their target price on shares of Champion Iron from C$3.00 to C$3.75 and gave the stock an outperform rating in a research report on Monday, August 17th. Raymond James upped their target price on shares of Champion Iron from C$3.25 to C$3.50 and gave the stock an outperform rating in a research report on Thursday, July 30th. Finally, Canaccord Genuity upped their target price on shares of Champion Iron from C$2.75 to C$3.25 in a research report on Monday, July 20th.
Shares of TSE CIA opened at C$2.93 on Wednesday. The firm has a fifty day moving average price of C$2.87 and a 200-day moving average price of C$2.44. The company has a debt-to-equity ratio of 58.57, a current ratio of 2.79 and a quick ratio of 2.40. The stock has a market cap of $1.39 billion and a PE ratio of 11.10. Champion Iron has a 1 year low of C$0.96 and a 1 year high of C$3.18.
Champion Iron (TSE:CIA) last issued its earnings results on Tuesday, July 28th. The company reported C$0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.10 by C$0.05. The company had revenue of C$244.57 million for the quarter, compared to the consensus estimate of C$174.50 million. On average, research analysts expect that Champion Iron will post 0.4370667 EPS for the current year.
Champion Iron Company Profile
Champion Iron Limited explores, develops, and produces iron ore in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of BM877 mining lease and 114 mining claims located in Québec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.
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