Champion Iron Limited (TSE:CIA – Free Report) – Investment analysts at Scotiabank decreased their FY2027 earnings estimates for Champion Iron in a report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of ($0.66) per share for the year, down from their previous estimate of ($0.04). The consensus estimate for Champion Iron’s current full-year earnings is $0.60 per share.
Other equities analysts have also recently issued reports about the stock. Scotia dropped their price objective on shares of Champion Iron from C$5.50 to C$5.00 and set a “sector outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial reduced their target price on shares of Champion Iron from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a report on Tuesday, July 14th. TD upped their target price on shares of Champion Iron from C$5.00 to C$6.50 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial lowered their price target on shares of Champion Iron from C$6.25 to C$5.75 and set an “outperform” rating for the company in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$5.88.
Read Our Latest Stock Report on Champion Iron
Champion Iron Price Performance
Champion Iron stock opened at C$2.40 on Friday. The company has a market cap of C$1.34 billion, a price-to-earnings ratio of 12.00, a PEG ratio of -1.35 and a beta of 0.53. The firm’s fifty day moving average is C$3.23 and its 200 day moving average is C$4.00. The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 87.81. Champion Iron has a 52-week low of C$2.37 and a 52-week high of C$6.14.
About Champion Iron
Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc, Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate.
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