Champion Iron (TSE:CIA) Upgraded at Citigroup

Citigroup upgraded shares of Champion Iron (TSE:CIA) to a strong-buy rating in a report published on Sunday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on CIA. Raymond James set a C$8.00 target price on shares of Champion Iron and gave the company an “outperform” rating in a research report on Thursday, January 2nd. TD Securities decreased their price target on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Desjardins raised shares of Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Champion Iron currently has a consensus rating of “Buy” and a consensus price target of C$7.63.

Champion Iron Price Performance

Champion Iron stock traded down C$0.12 during trading hours on Friday, hitting C$5.29. 64,924 shares of the stock were exchanged, compared to its average volume of 364,463. Champion Iron has a 12 month low of C$4.74 and a 12 month high of C$7.58. The business’s 50-day moving average is C$5.22 and its two-hundred day moving average is C$5.49. The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The stock has a market capitalization of C$2.74 billion, a P/E ratio of 9.28, a P/E/G ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same quarter last year, the firm posted $0.12 EPS. Equities research analysts expect that Champion Iron will post 0.5958254 EPS for the current fiscal year.

About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.