Champion Iron (TSE:CIA) Price Target Raised to C$6.50 at TD

Champion Iron (TSE:CIA – Get Free Report) had its price target hoisted by research analysts at TD from C$5.00 to C$6.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 61.69% from the stock’s current price.

A number of other brokerages have also issued reports on CIA. National Bank Financial set a C$5.75 target price on shares of Champion Iron and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Scotiabank dropped their price target 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 report on Monday, June 15th. Finally, BMO Capital Markets cut Champion Iron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$6.08.

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Champion Iron Stock Performance

Shares of Champion Iron stock traded up C$0.09 during trading on Tuesday, reaching C$4.02. The company’s stock had a trading volume of 1,899,297 shares, compared to its average volume of 385,671. The company has a quick ratio of 2.01, a current ratio of 2.60 and a debt-to-equity ratio of 70.43. The business’s 50-day moving average price is C$4.34 and its 200-day moving average price is C$4.94. Champion Iron has a 52 week low of C$3.69 and a 52 week high of C$6.14. The firm has a market cap of C$2.25 billion, a PE ratio of 12.56, a P/E/G ratio of -1.35 and a beta of 0.31.

Champion Iron (TSE:CIA – Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported C$0.05 EPS for the quarter. Champion Iron had a net margin of 9.48% and a return on equity of 11.28%. The business had revenue of C$414.50 million for the quarter. Equities analysts forecast that Champion Iron will post 0.5958254 earnings per share 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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