Champion Iron (TSE:CIA) Price Target Raised to C$7.00

Champion Iron (TSE:CIA) had its price objective lifted by equities research analysts at Desjardins from C$6.00 to C$7.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 18.24% from the company’s previous close.

Separately, Raymond James Financial boosted their target price on Champion Iron from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$6.13.

Champion Iron Trading Up 6.1%

Shares of TSE CIA traded up C$0.34 during trading hours on Monday, hitting C$5.92. The company’s stock had a trading volume of 512,224 shares, compared to its average volume of 333,900. The company has a debt-to-equity ratio of 57.89, a quick ratio of 2.01 and a current ratio of 2.28. Champion Iron has a 12 month low of C$3.29 and a 12 month high of C$5.98. The stock has a market cap of C$3.16 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of -1.35 and a beta of 0.61. The business has a 50-day simple moving average of C$5.18 and a 200-day simple moving average of C$4.48.

Champion Iron (TSE:CIA) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. Champion Iron had a return on equity of 9.13% and a net margin of 8.51%.The business had revenue of C$492.89 million during the quarter. On average, analysts anticipate that Champion Iron 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.