National Bank Financial Reiterates “C$5.75” Price Target for Champion Iron (TSE:CIA)

Champion Iron (TSE:CIA – Get Free Report) has been given a C$5.75 price target by investment analysts at National Bank Financial in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 50.52% from the stock’s previous close.

Separately, BMO Capital Markets downgraded shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$6.19.

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Champion Iron Stock Down 3.5%

CIA stock traded down C$0.14 during midday trading on Wednesday, hitting C$3.82. The company’s stock had a trading volume of 462,208 shares, compared to its average volume of 347,511. The company has a debt-to-equity ratio of 70.43, a current ratio of 2.60 and a quick ratio of 2.01. Champion Iron has a twelve month low of C$3.43 and a twelve month high of C$6.14. The company’s fifty day moving average price is C$4.87 and its 200 day moving average price is C$5.17. The stock has a market capitalization of C$2.14 billion, a P/E ratio of 11.94, a PEG ratio of -1.35 and a beta of 0.29.

Champion Iron (TSE:CIA – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 earnings per share (EPS) for the quarter. Champion Iron had a net margin of 9.48% and a return on equity of 11.28%. The firm had revenue of C$414.51 million for the quarter. As a group, equities research analysts predict that Champion Iron will post 0.5958254 EPS for the current year.

Champion Iron Company Profile

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Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company’s operating segment include Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O’keefe-Purdy, and others.

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