Champion Iron Limited (TSE:CIA – Get Free Report)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$4.62 and traded as low as C$3.72. Champion Iron shares last traded at C$3.76, with a volume of 645,991 shares changing hands.
Analyst Ratings Changes
Several research analysts recently commented on CIA shares. Scotiabank reduced their price objective on shares of Champion Iron from C$6.00 to C$5.50 and set a “sector outperform” rating for the company in a research note on Monday, June 15th. National Bank Financial set a C$5.75 target price on shares of Champion Iron and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets lowered shares of Champion Iron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$6.05.
Get Our Latest Stock Analysis on Champion Iron
Champion Iron Stock Down 4.1%
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 for the quarter. Champion Iron had a return on equity of 11.28% and a net margin of 9.48%.The business had revenue of C$414.50 million during the quarter. On average, equities analysts predict that Champion Iron Limited will post 0.5958254 earnings per share for the current fiscal year.
About Champion Iron
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.
Recommended Stories
- Five stocks we like better than Champion Iron
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for Champion Iron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Champion Iron and related companies with MarketBeat.com's FREE daily email newsletter.
